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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 raises new funds for xAI as he steps back from politics
Elon Musk is selling US$5 billion in debt for his artificial intelligence (AI) start-up, xAI, the latest in a series of fundraising efforts across his business empire as the billionaire pivots away from politics and returns to running his various companies.
As Mr. Musk steps away from Washington, he faces concerns over his prolonged absence from his businesses including Tesla, ...
Elon Musk is raising $5 billion in debt for xAI Corp. to fund AI infrastructure, with Morgan Stanley managing the debt sale.
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.
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 ...
"It is very hard to separate Elon Musk's brand from the brand of Tesla, and SpaceX," a Harvard Business fellow told Newsweek.
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