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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.
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.
1hon MSN
The company has received FDA Breakthrough Device Designation for its Blindsight vision restoration system and a speech ...
Elon Musk is raising $5 billion in debt for xAI Corp. to fund AI infrastructure, with Morgan Stanley managing the debt sale.
Musk warned those involved that President Trump wouldn’t bless the OpenAI data-center project in Abu Dhabi unless his xAI ...
As Mr. Musk steps away from Washington, he faces concerns over his prolonged absence from his businesses including Tesla, ...
Elon Musk, Chief Executive Officer(CEO) of Tesla and Social Media X (formerly Twitter) has intergrated new features into ...
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