From OpenAI launching ChatGPT Agent to handle complex computer tasks to SpaceX investing $2B in Elon Musk’s xAI , AIStory brings a recap of major developments and emerging trends in the sector this week.

Elon Musk's SpaceX has invested $2 billion in xAI. This move integrates AI deeper into Musk's ecosystem. xAI merged with X, valuing the company at $11

According to a Wall Street Journal report that cites investors close to SpaceX, the company has agreed to invest $2 billion in Musk’s AI startup xAI. The investment would reportedly be part of the $5 billion equity raise (along with another $5 billion in debt) that Morgan Stanley announced at the end of June.

The company that controls the full stack – from chips to applications to distribution – may ultimately win the AI race.” So states AInvest in its keen observation of the high-stakes arithmetic supporting SpaceX’s record-breaking $2 billion investment in xAI,

This announcement follows reports that another of Musk's key ventures, SpaceX, is set to inject $2 billion into xAI as part of its ongoing $5 billion capital raise. Musk acknowledged this report, noting its dependency on "board and shareholder approval" from SpaceX's side.