Musk’s xAI Raises Debt Yields to 12.5% After Failing to Attract Enough Investors
That’s a premium when compared to the average 7.6% yield for junk-rated bonds, based on the ICE BofA High Yield ...
Tag: AI startup
xAI Forecasts $13 Billion in Annual Earnings by 2029
On the revenue side, the company aims to close 2025 with $1 billion in gross income and projects $14 billion ...
After Anthropic, OpenAI Co-Founder John Schulman Joins Mira Murati’s Stealth AI Startup
Murati has been working on her own startup since leaving OpenAI in September 2024, and according to reports, she has ...
Anthropic Nears $2B Funding Round as Valuation Expected to Hit $60B
The deal, led by venture capital firm Lightspeed Venture Partners, will boost Anthropic’s financial standing after a previous valuation of ...
Elon Musk Seeks Court Order to Halt OpenAI’s Profit-Driven Transition
The court filing also accuses OpenAI of engaging in anti-competitive acts by allegedly pressuring its investors to avoid funding rival ...
