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Musk Allies to Raise Up to $12 Billion for xAI Chips as Startup Burns Through Cash

XAI is tapping into the booming private-credit market to find the cash it needs to build massive data centers.

Musk's xAI to raise up to $12 billion in debt for AI expansion, WSJ reports

Elon Musk's artificial intelligence startup xAI is working with a financier to secure up to $12 billion more for its ...
The Manila Times on MSN7d

Musk’s xAI to raise up to $12B for AI expansion

ELON Musk’s artificial intelligence (AI) startup xAI is working with a financier to secure up to $12 billion more for its ...

AI Weekly: Jensen on tour, Elon on the hunt

STORY: From what the Nvidia boss thinks of Chinese bots, to why Elon Musk wants someone to give him $12 billion, this is AI ...

White House to unveil plan to push US AI abroad, crack down on restrictive rules, document shows

Despite the focus on expansion, the plan does mention the importance of "defending against misuse and preparing for future AI ...

How China Is Girding for an AI Battle With the U.S.

As Washington tries to limit its progress, Beijing is spending more to build an artificial-intelligence ecosystem that ...
ET CIO on MSN7d

Musk's xAI to raise up to $12 billion in debt for AI expansion: Report

Valor Equity Partners, an investment firm whose founder, Antonio Gracias, has close ties to Musk, is in talks with lenders to ...