AI Market Movers · Frontier labs & chatbots
xAI
Private
xAI is Elon Musk’s lab. Grok is the model, Colossus is the cluster, and the last standalone round was the mark before the SpaceX combination talk.
- Last reported post-money
- $230B
- As of
- January 2026
- Round
- Series E standalone mark.
On X
UPDATE: Looks like SpaceX reset Grok Bot usage back to where it was before yesterday.
— Sawyer Merritt (@SawyerMerritt) Nov 2, 2026
Elon Musk says the cost of serving Grok Bot was "unsustainably high relative to revenue", following subscriber complaints regarding rapid usage limit depletion (@siladityaray / Forbes) (Visit Techmeme dot com for the link and full context!)
— Techmeme (@Techmeme) Nov 2, 2026
Latest news
The Verge
Musk says Grok Bot serving costs were 'unsustainably high' as users hit weekly caps earlyElon Musk said the cost of serving Grok Bot, the always-on AI agent that runs tasks on its own virtual computer, was "unsustainably high relative to revenue," replying on X Sunday…
DeSoto County News
Judge denies xAI's bid to dismiss NAACP lawsuit over Southaven gas turbinesA federal judge in Mississippi on Friday denied xAI's motion to dismiss the NAACP's Clean Air Act lawsuit over the gas-turbine power plant in Southaven that supplies its Colossus…
Politico
Top House Democrats demand Trump preserve his conversations with Grok and other AI chatbotsReps. Jamie Raskin and Robert Garcia, the top Democrats on the House Judiciary and Oversight committees, sent President Trump a letter asking him to preserve every prompt he and…
The Guardian
xAI offers to buy Southaven, Mississippi homes if owners drop out of data center noise lawsuitReal estate agents working for MZX Tech, a subsidiary of Elon Musk's xAI (now part of SpaceXAI), are offering to buy homes near its Southaven, Mississippi power plant in exchange…
TechCrunch
Grok releases the first seven minutes of its AI-generated 'Odyssey'Grok Imagine posted Episode 1 of an AI-generated Odyssey series on X, a roughly seven-minute 4K installment made with AI film studio Wonder Studios and director Dev Walker. It…
In the Daily
· Closing Time
Closing Time: The hottest AI lab is paying surge pricesTechCrunch reports that Anthropic’s revenue jumped to $17 billion last quarter, but it had to buy $5 billion of computing power on short notice at premium prices, and its margins got worse as a result.
· Closing Time
Closing Time: The chip that broke the marketCNBC reports that Intel shares fell 29.2%, their worst day since the 1970s, after the chipmaker issued weaker-than-expected guidance tied to a plant shutdown in Israel and a soft PC market.
· Morning Brief
The smartest model is locked in a vaultGoogle’s new Gemini 4 Carbon tops the leaderboards, but only cyber defenders get to use it for now.
· Closing Time
Closing Time: Your AI agent is making the callProfessional analysts sided with their AI agent’s hidden preference 86% of the time in a new Anthropic experiment, often without noticing.
· Morning Brief
Google’s chips are leaving the buildingThe Information reports that OpenAI plans to buy Google’s AI chips, known as tensor processing units, instead of only renting them as it has since last year.