SpaceX has agreed to invest $2.00 billion in xAI

On July 13, The Wall Street Journal reported that SpaceX has agreed to invest $2.00 billion in Elon Musk's artificial intelligence company, xAI. This investment accounts for nearly half of the Grok chatbot developer's recent equity financing. Musk has repeatedly leveraged his business empire to support the AI startup, which is striving to catch up with OpenAI. Earlier this year, he merged xAI with X, combining a small research lab with a social media platform to help expand the reach of its Grok chatbot. The merger valued the new company at $113.00 billion. [Deep Tide TechFlow]