The rate at which the company is bleeding cash provides a stark illustration of the unprecedented financial demands of the artificial intelligence industry, particularly at xAI, where revenues

The European Union said on Thursday it was seeking more information from Elon Musk's X about changes to its corporate structure, months after the social media platform was bought by xAI in a $33 billion deal.

Elon Musk’s $33 billion xAI buyout of social media platform X has sparked new scrutiny from the European Union as regulators size up a penalty under the Digital Services Act.