Explore the latest news, in-depth reports, and executive analysis tagged with #Xai.
The acquisition is expected to bolster its position in the fast-growing AI coding market, where rivals Anthropic and OpenAI and Anthropic have gained significant traction.
The space tech company is also heading for its initial public offering (IPO) later this year.
This development comes as SpaceX awaits a highly-anticipated initial public offering (IPO) this year.
Yang's departure comes as xAI is ramping up its AI capabilities to catch up with OpenAI and Google's Gemini.
This latest expansion by xAI demonstrates the company's determined effort to strengthen its position against its rivals like OpenAI and Anthropic.
Gemini 3 shows reduced sycophancy, increased resistance to prompt injections and improved protection against misuse via cyberattacks
The lawsuit is a build up to the long drawn dispute between Musk and OpenAI's Sam Altman.
Babuschkin had joined xAI in May 2023. Prior to joining xAI, Babuschkin worked at DeepMind and OpenAI.
Lily Lim, who, before becoming a lawyer, was a rocket scientist at NASA, will take over as the new legal head.
The Saudi Arabian sovereign wealth fund, the Public Investment Fund, is expected to pick a significant stake in the round.
xAI also unveiled Grok 4 Heavy and a new $300-per-month AI subscription plan, SuperGrok Heavy.
Greg Brockman, president and co-founder at OpenAI, welcomed all of them in an X post.
The fresh capital will help xAI to develop its AI solutions including one of the world's largest data center and its flagship Grok platform.
