SpaceX has committed $2 billion to xAI as part of a $5 billion equity round, deepening the ties between tech billionaire Elon Musk's ventures as his artificial intelligence startup races to compete with rival OpenAI, the Wall Street Journal reported.
The investment follows xAI's merger with X and values the combined company at $113 billion, with the Grok chatbot now powering Starlink support and eyed for future integration into Tesla's Optimus robots, the report added.
In response to a post on X about whether Tesla, could also invest in xAI, Elon Musk said on Sunday, "It would be great, but subject to board and shareholder approval," without confirming or denying the Journal report on SpaceX's investment plans in xAI.
SpaceX, xAI and Tesla did not immediately respond to requests for comment. Reuters could not immediately confirm the WSJ report.
Despite recent controversies involving Grok's responses, Musk has called it "the smartest AI in the world," and xAI continues to spend heavily on model training and infrastructure.
US President Donald Trump said on Friday he would increase tariffs on cars and trucks from the European Union to 25 per cent next week, saying the bloc had not complied with its trade deal with Washington.
Meraas, a member of Dubai Holding Real Estate, has awarded AED 2.4 billion in main construction contracts for new phases of its flagship villa developments, The Acres and The Acres Estates, in Dubailand.
Bangladesh is set to sign a deal on Thursday to buy 14 aircraft from US planemaker Boeing, officials said, a move that marks a shift away from Europe's Airbus amid trade pressure from Washington.
The UAE Circular Economy Council held its first meeting of 2026 on Wednesday, with discussions centred on strengthening food security, expanding sustainable production, and increasing investment in circular economy sectors.
The UAE has welcomed a new resolution adopted by the International Maritime Organization’s (IMO) Marine Environment Protection Committee during its 84th session.
At the United Nations Security Council, the UAE has called for the immediate and unconditional reopening of the Strait of Hormuz, urging that Iran be held fully accountable for obstructing international navigation.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has praised the efforts of the first batch of Emirati government officials to secure scholarships to study at the world's top universities.