xAI | DD News

September 29, 2026 8:19 PM

Anthropic eyes USD 518 billion AI buildout; backed by about 80% non-cancellable deals

Anthropic expects to spend at least USD 518 billion over the next decade to secure AI computing infrastructure from six partners, with about 80 per cent of the commitments either non-cancellable or payable regardless of usage, according to a Reuters report. The AI startup said it plans to spend at least USD 111.1 billion with Google, USD 110 billion with Amazon and USD 31.4 billion with Microsoft under long-term infrastructure service obligations over the next seven to 10 years “regardless of...

February 3, 2026 2:51 PM

SpaceX acquires xAI in record-setting deal as Musk looks to unify AI and space ambitions

Elon Musk said on Monday that SpaceX has acquired his artificial-intelligence startup xAI in a record-setting deal that unifies Musk's AI and space ambitions by combining the rocket-and-satellite company with the maker of the Grok chatbot. The transaction values SpaceX at $1 trillion, and xAI at $250 billion, according to a person familiar with the matter. Investors in xAI will receive 0.1433 shares of SpaceX for every share of xAI as part of the acquisition, this pe...

July 13, 2025 4:24 PM

SpaceX to invest $2 billion in Musk’s xAI startup, WSJ reports

SpaceX has committed $2 billion to xAI as part of a $5 billion equity round, deepening the ties between tech billionaire Elon Musk's ventures as his artificial intelligence startup races to compete with rival OpenAI, the Wall Street Journal reported on Saturday. The investment follows xAI's merger with X and values the combined company at $113 billion, with the Grok chatbot now powering Starlink support and eyed for future integration into Tesla's Optimus robots, the report added. In response ...

March 29, 2025 2:00 PM

Musk’s xAI buys Musk’s X social media platform for $33 billion

Elon Musk's xAI artificial intelligence firm has acquired Musk's X, the social media outfit formerly known as Twitter for $33 billion, marking the latest twist in the billionaire's rapid consolidation of power. The all-stock deal announced on Friday combines two of Musk's multiple portfolio companies, which also include automaker Tesla and SpaceX, and potentially eases Musk's ability to train his AI model known as Grok. Musk announced the transaction in a post on X, saying: "The combination va...

February 28, 2025 10:05 AM

Canada watchdog probing X’s use of personal data in AI models’ training

Canada's privacy watchdog has opened an investigation into X, the social media platform owned by billionaire tech mogul Elon Musk, on whether its use of Canadians' personal data to train artificial intelligence (AI) models broke privacy rules. The Office of the Privacy Commissioner of Canada said in a statement on Thursday that it launched the probe after receiving a complaint. "The investigation will focus on the platform's compliance with federal privacy law with respect to its collection, u...