(Reuters) -Elon Musk's AI firm xAI has raised $10 billion at a $200 billion valuation, CNBC reported on Friday, citing sources. xAI did not immediately respond to a Reuters request for comment.

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.

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.

Elon Musk believes xAI's Grok 5 can achieve AGI, expressing renewed commitment to Tesla amid updates on AI and autonomous driving.

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’s xAI has launched Grok 4 Fast, a cost-efficient version of its Grok 4 AI model. The system uses 40% fewer thinking tokens while maintaining benchmark accuracy across tasks.

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

"Great leaders don’t demand productivity, they inspire it." Elon Musk sparks backlash after issuing 48-hour assignment to employees: 'This is due by noon on Thursday' first appeared on The Cool Down.