Elon Musk Floats a New Source of Funding for xAI
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Elon Musk is integrating AI across his companies and blurring the lines between them.
xAI recently secured $10 billion, split evenly between a $5 billion equity raise and a $5 billion debt package arranged by Morgan Stanley. That round took its meteoric valuation to $113 billion, thanks in part to a $2 billion boost from SpaceX. Now, talks suggest a new raise that could take its value to between $170 billion and $200 billion.
Billionaire Tesla owner Elon Musk said Thursday that Tesla vehicles will soon feature the artificial intelligence chatbot Grok, developed by Musk’s AI startup xAI. In a message posted to his social media platform,