Musk’s XAI Secures $10B in Funding

Elon Musk’s A.I. company xAI secured a total of $10 billion in funding.

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00:00Elon Musk's AI company, XAI, secured a total of $10 billion in funding, split evenly between

00:06$5 billion in debt via secured notes and term loans, and another $5 billion in strategic equity

00:13investment. The oversubscribed debt round and equity infusion will support XAI's expansion,

00:19including building out data centers and advancing its flagship Grok AI chatbot.

00:24It's a major funding position, and it puts AI in a spot to intensify competition with rivals

00:30like OpenAI while enhancing its AI capabilities and infrastructure.