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Elon Musk’s xAI launches $5B debt sale to fuel AI infrastructure investments
XAI Corp., the artificial intelligence startup founded by Elon Musk, is arranging a $5 billion debt sale that will help the company to keep up its lavish spending on data center infrastructure as it strives to keep pace with rivals such as OpenAI and Google LLC.
Elon Musk's xAI is now eyeing a valuation of $113B
Elon Musk 's artificial intelligence (AI) venture, xAI, is seeking a whopping $113 billion valuation in a new stock sale. The company is also raising $5 billion in debt with the help of Morgan Stanley. The debt instruments on offer comprise a floating-rate term loan, a fixed-rate term loan, and senior secured notes.
As Mr. Musk steps away from Washington, he faces concerns over his prolonged absence from his businesses including Tesla, ...
DPA International on MSN5h
Elon Musk's brain-chip company Neuralink raises $650 millionElon Musk's brain-implant company Neuralink has raised $650 million from investors in a new funding round, the company ...
In an interview with Sen. Ted Cruz (R-TX) in March, Musk said that within 10 years, “AI could probably do anything better ...
Telegram CEO Pavel Durov announced a $300 million partnership with Elon Musk’s xAI to bring Grok to the messaging app.
At least 11 investment firms, including ARK Investment Management, Founders Fund and Sequoia Capital, participated in the ...
Musk warned those involved that President Trump wouldn’t bless the OpenAI data-center project in Abu Dhabi unless his xAI ...
Amazon S3 on MSN1d
Elon Musk to BEAT OpenAI to Achieve AGI with New xAI SupercomputerElon Musk raised funding to build the world's biggest AI supercomputer, in pursuit of AGI. His AI startup built its valuation ...
Critics of longtermism say it appeals to wealthy tech moguls precisely because it adds a sheen of morality to their ...
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