Valor Equity Partners has launched a new fund that will acquire and lease NVIDIA GPUs to xAI. The US$5.4 billion capital raise was anchored by a U...

xAI, an AI startup owned by Elon Musk, is reportedly in tals with financier Valor Equity Partners to secure up to US$12 billion in funding for its ex...

Elon Musk’s xAI is reportedly in early discussions to lease data centre capacity in Saudi Arabia. The move is part of a broader push to grow its in...

Elon Musk's artificial intelligence company xAI has acquired social media platform X, formerly known as Twitter, in a deal that values X at US$33 bil...