US EditionElon Musk's xAI secures $10 billion in an increasingly competitive AI landscape
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Elon Musk's xAI secures $10 billion in an increasingly competitive AI landscape
Elon Musk's artificial intelligence startup xAI has raised $10 billion through a combination of debt and equity financing, according to Morgan Stanley. The funding is split evenly between $5 billion in secured notes and term loans and $5 billion in strategic equity investment.The massive capital injection will fuel xAI's infrastructure expansion and development of its Grok AI chatbot, as the company continues to compete against declared enemy Op…
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