Elon Musk’s artificial intelligence startup xAI has raised new funding at a $200 billion valuation, according to a person familiar with the deal, making it one of the world’s most valuable startups.

Elon Musk merged Twitter into the xAI company earlier this year, despite controversy in both the content and safety of its services.

Birchall, commonly referred to as Musk’s “right-hand man,” is tasked with operating a large amount of the billionaire’s empire, and occupies a number of important executive roles at his orgs, including Excession and the Musk Foundation. He is also the CEO of Neuralink and an advisor at xAI.

Tesla's CEO recently made a bold statement about the company's progress on designing its own artificial intelligence chips.

The $1 trillion pay package might keep Elon Musk's attention on Tesla, and motivate him to realize its ambitions in robotics, Derek Horstmeyer said.

Elon Musk’s artificial intelligence startup xAI has laid off 500 workers from its data annotation team, which helps train its Grok chatbot. The layoffs were earlier reported by Business Insider.

Elon Musk, Tesla founder and X majority shareholder, has sued Apple and OpenAI, accusing them of limiting AI market competition.

Elon Musk said on X that making software companies like Microsoft "entirely with AI" should be possible since they don't make any physical hardware.

Tech investor Eric Schiffer says Tesla investors will be ecstatic if Elon Musk completes all the lofty goals in his proposed $1 trillion pay plan.