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Elon Musk's xAI raises $10 billion in debt and equity

Elon Musk's xAI raises $10 billion in debt and equity as it steps up challenge to OpenAI

AI, Elon Musk's artificial intelligence startup, raised $5 billion in debt and $5 billion in equity. The funding will go towards xAI's efforts to build out its AI infrastructure and develop its Grok chatbot.

Reuters on MSN · 2d

Musk's xAI raises $5 billion each in fresh debt and equity, Morgan Stanley says

Elon Musk's xAI has completed a $5 billion debt raise alongside a separate $5 billion strategic equity investment, Morgan Stanley said on Monday, as the startup looks to expand its AI infrastructure through data centres amid intensifying competition in the industry.

Entrepreneur on MSN · 1d

Elon Musk's xAI Raises USD 10 Bn to Power AI Ambitions

Elon Musk's artificial intelligence company, xAI, has raised USD 10 billion in a mix of debt and equity funding, according to Morgan Stanley. The investment bank, which led the financing, announced the deal on Tuesday.

USA Today6mon

Elon Musk's partnership with Nvidia might have investors jumping for joy - USA TODAY

Elon Musk just gave Nvidia investors one billion reasons to cheer for reported partnership Elon Musk's artificial intelligence (AI) start-up, xAI, appears to be strengthening its ties with ...

NBC News1y

Elon Musk ordered Nvidia to ship thousands of AI chips reserved for Tesla to X and xAI - NBC News

Elon Musk claims he can grow Tesla into “a leader in AI & robotics,” an ambition that he’s said will require a lot of pricey processors from Nvidia to build up its infrastructure.

New York Post1y

Elon Musk diverts Nvidia AI chips booked for Tesla to X, xAI: report - New York Post

Tesla CEO Elon Musk has told Nvidia to prioritize shipments of AI processors to his companies X and xAI over the electric-vehicle maker, CNBC reported on Tuesday. The news signals Musk is ...

AOL1y

Elon Musk Just Gave Nvidia Investors 100,000 Reasons to Cheer - AOL

Elon Musk's AI start-up plans to purchase 100,000 Nvidia H100 GPU chips. ... Elon Musk Just Gave Nvidia Investors 100,000 Reasons to Cheer. Adam Spatacco, The Motley Fool.

The Motley Fool1mon

Did Elon Musk Just Give Nvidia Investors 40 Billion Reasons to Cheer?

Elon Musk's xAI, a rival to ChatGPT, has been building a supercomputer leveraging clusters of Nvidia's chips. The company is reportedly eyeing 1 million additional GPUs, which could cost an ...

Fox Business1y

Elon Musk had Nvidia send AI chips intended for Tesla to X and xAI: report - Fox Business

Billionaire entrepreneur Elon Musk reportedly asked Nvidia to ship AI chips intended for Tesla to X and xAI, which Musk attributed to a lack of space for Tesla to immediately use them.

New York Post8mon

Exclusive | Nvidia in talks with Elon Musk about investing in xAI: source - New York Post

Elon Musk is in serious talks with Nvidia about investing in xAI. NurPhoto via Getty Images Musk's robots at an Oct. 10 Tesla event were not very impressive as humans reportedly helped control ...

Hosted on MSN1y

Elon Musk ordered Nvidia to ship thousands of AI chips reserved for Tesla to X and xAI - MSN

Elon Musk claims he can grow Tesla into “a leader in AI & robotics,” an ambition that he’s said will require a lot of pricey processors from Nvidia to build up its infrastructure.

USA Today6mon

Elon Musk's partnership with Nvidia might have investors jumping for joy - For The Win

Wicked Local6mon

Elon Musk's partnership with Nvidia might have investors jumping for joy - Wicked Local

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