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Musk backs orbital data centers as AI energy warnings grow

Elon Musk has renewed support for space-based computing infrastructure after Nvidia chief executive Jensen Huang warned that artificial intelligence could soon overwhelm global power systems. Musk posted that space represents the only viable path forward, reinforcing his long-standing view that orbital......

OpenAI and Anthropic escalate rivalry with free coding AI offers

OpenAI and Anthropic launched competing promotions for their artificial intelligence coding platforms on May 13, intensifying the battle for enterprise developers as demand for agentic software engineering tools accelerates across the technology sector. OpenAI moved first by offering eligible enterprise......

SpaceX valuation debate shifts toward AI peers ahead of record IPO

SpaceX is approaching a potential record-breaking IPO, with investors increasingly valuing the company alongside artificial intelligence infrastructure firms rather than traditional aerospace peers, a shift used to justify a projected $1.75 trillion valuation. According to reports, some institutional......

xAI reports $1.46 billion quarterly loss amid rapid expansion

Elon Musk's artificial intelligence startup xAI posted a net loss of $1.46 billion in the third quarter of 2025, according to internal documents reviewed by Bloomberg. This marks a sharp rise from the $1 billion deficit in the first quarter, as the company burns through cash to erect massive data......

Elon Musk's xAI secures $15 billion, targets rapid AI infrastructure expansion

Elon Musk’s artificial intelligence company, xAI, is on the verge of securing $15 billion in new equity financing, valuing the firm at approximately $230 billion. This move would more than double its valuation since March, when it stood at $113 billion following its merger with Musk’s social......

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