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Wednesday, Jun 18, 2025
Outside the box.
Elon Musk's xAI Seeks $9.3 Billion in Funding Amid AI Expansion
Company aims to raise $4.3 billion in equity and $5 billion in debt
Elon Musk's artificial intelligence company, xAI, is in discussions to secure $9.3 billion in funding, comprising $4.3 billion in equity and $5 billion in debt.
The capital raise aims to support the development of advanced AI infrastructure and the company's chatbot, Grok.
Despite recent tensions between Musk and former President Trump affecting investor sentiment, xAI's valuation has surged to $80 billion, reflecting its rapid growth in the competitive AI sector.
The capital raise aims to support the development of advanced AI infrastructure and the company's chatbot, Grok.
Despite recent tensions between Musk and former President Trump affecting investor sentiment, xAI's valuation has surged to $80 billion, reflecting its rapid growth in the competitive AI sector.
