Elon Musk believes the best way to solve the difficulties of building AI data centers on earth is to move them into outer space. His merger this week of his rocket company SpaceX with his artificial intelligence company xAI could help get them there.

As with SpaceX, then, Mr Musk is gambling Tesla’s future on AI, and his belief that he can harness his existing businesses to dominate the technology. Plenty of doubters have scoffed at his grand ambitions before. But never has Mr Musk put so much on the line. ■

Elon Musk's xAI has launched Grok Imagine 1.0, a significant upgrade challenging Google and OpenAI in multimedia AI. The platform now generates 720p, 10-second videos with expressive, synchronized audio and improved prompt following.

Elon Musk has at taken a dig at Google’s AI video tools, claiming Grok offers far higher daily generation limits. He says SuperGrok users can create hundreds of videos a day, compared with Google’s single digit caps,

The month of June has been chosen because Elon Musk's birthday falls on June 28. Bank of America, Goldman Sachs, JP Morgan Chase, and Morgan Stanley could lead this major IPO. SpaceX manufactures rockets and satellites.