Built using huge amounts of computing power at a Tennessee data center, Grok is Musk’s attempt to outdo rivals such as OpenAI ...

Chinese AI startup Moonshot releases open-source Kimi K2 model that outperforms OpenAI and Anthropic on coding tasks with breakthrough agentic capabilities and competitive pricing.

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.