2026-02-18
Bloomberg
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A look at MGX, Abu Dhabi's AI investment vehicle that has Anthropic, xAI, and OpenAI stakes; the firm plans to spend up to $10B annually over the next few years
Government-backed AI investor MGX has a bullish plan to spend up to $10 billion annually over the next few years.
2026-02-12
The Information
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xAI all-hands: Nikita Bier says X hit $1B in ARR from selling $3- to $40-per-month subscriptions, but offered no details on ad revenue or other xAI financials
and both are smarter than expected. 😅Logan Jastremski /@loganjastremski:My main takeaway is that engineers need to run the show and someone needs a large hammer to unblock teams and push to increase t...
2026-01-29
Financial Times
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Tesla plans to scrap its premium S and X models and convert its California factory into an Optimus manufacturing hub, as Elon Musk refocuses on robotics and AI
Elon Musk's electric-car maker invests $2bn in the billionaire's xAI — Tesla plans to scrap two models and invest $2bn in Elon Musk's xAI …
2026-01-09
Bloomberg
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Docs: xAI had a net loss of $1.46B in Q3, up from $1B in Q1; sources: xAI told investors it plans to build AI that will eventually power Optimus humanoid robots
Elon Musk's artificial intelligence startup xAI is burning cash quickly, with losses mounting as it spends to build data centers …
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