Elon Musk’s plans to get into the AI chip manufacturing business are going to be costly. As the The New York Times and CNBC report, SpaceX is planning to invest at least $55 billion into its “Terafab” chip plant in Austin, Texas. That’s according to the details of a public hearing notice filed in Grimes […]
xAI’s real business may be more about building data centers than training AI models.
On March 4, 2026, Elon Musk posted on X that “Tesla will be one of the companies to make AGI and probably the first to make it in humanoid/atom-shaping form.” Less than eight weeks later, under oath in an Oakland federal courtroom, he was asked whether…
SpaceX, Elon Musk’s space company that also houses his AI company, xAI, is considering spending $55 billion, at least initially, to build a semiconductor factory in Texas, according to a filing with Grimes County.
The deals come as the DOD has doubled down on diversifying its exposure to AI vendors in the wake of its controversial dispute with Anthropic over usage terms of its AI models.
VC firm 137 Ventures has raised over $700 million to back growth-stage startups. Its portfolio includes SpaceX, Anduril, Hadrian.
Tim Cook plans to step down from his CEO role in September, handing the reins to hardware chief John Ternus. Ternus may be inheriting one of the most durable businesses in tech, but he’s also stepping into a very different ecosyst…
SpaceX wants to make its own GPUs, but building chips is no walk in the park. Here’s what we know so far.
With an IPO looming for Elon Musk’s SpaceX / xAI / X combo platter of companies, SpaceX has announced an odd arrangement to either acquire the automated programming platform Cursor for $60 billion or pay a fee of $10 billion. Buying this startup that’s focused on AI coding could help xAI’s tools compete with market […]