AI raised $10 billion through loans and cash investments in July, split evenly between debt and equity. In June it sold $300 million worth of shares in a secondary stock offering.

Elon Musk, the single biggest Republican donor in the 2024 elections, says he wants to create a new political party to lower the US national debt, which currently stands at $37 trillion.

Elon Musks AI startup xAI is reportedly exploring a new funding round that could value the company between $170 billion and $200 billion, according to the Financial Times. Sources familiar with the matter say Saudi

Elon Musk, the Tesla CEO and former Trump ally, has lost $69 billion, but still tops the richest list so far this year.

Profane posts generated by the Grok artificial intelligence chatbot on Elon Musk’s X are unacceptable and could lead to a ban on the platform in Turkey, according to a government minister.

The world's richest man's latest political activities prompted a brutal sell-off of Tesla stock as investors question his focus on the company.