The rate at which the company is bleeding cash provides a stark illustration of the unprecedented financial demands of the artificial intelligence industry, particularly at xAI, where revenues

Elon Musk’s artificial intelligence firm xAI is reportedly in talks to raise $4.3 billion in a new equity investment round. The company behind snarky AI chatbot Grok has told investors that it needs the money in part because it has burned through cash it had previously raised,

The company is currently trying to raise US$9.3 billion in debt and equity to cover the gap. Read more at straitstimes.com. Read more at straitstimes.com.