Mr. Musk says the driverless taxis could begin ferrying passengers on Sunday in Austin, Texas, where other companies already ...

The tech exec is now wealthier than Mark Zuckerberg and Jeff Bezos, with a $250 billion fortune—but he’ll have a hard time ...

After largely failing to grasp the internet, social media, smartphones and e-commerce quickly enough to avoid significant ...

Amazon CEO Andy Jassy anticipates generative artificial intelligence will reduce its corporate workforce in the next few ...

The rate at which the company is bleeding cash provides a stark illustration of the unprecedented financial demands of the ...

New AI technology is not just a business shift; it's a societal one. There are real ethical and social implications we still ...

Investors are anxious about whether the central bank will change course on rate cuts as geopolitical turmoil and tariffs pose ...

Even before the funds hit the bank, xAI’s plans to spend over half of the new capital in just the next three months underscore the dire financial realities of the AI industry.

The Grok parent is spending $1 billion a month. Prospective investors should be asking tough questions about how it could ...

Elon Musk's artificial intelligence startup xAI is in talks to raise $4.3 billion through an equity investment on top of its ...

Elon Musk's xAI is burning $1 billion a month and plans to raise $9.3 billion in debt and equity to stay afloat as revenues ...