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Elon Musk’s xAI is reportedly seeking a $4.3B equity raise
Elon Musk's xAI company is looking to raise $4.3 billion in equity funding, adding onto the $5 billion it's seeking in debt funding.
Elon Musk’s startup xAI is trying to raise a $4.3 billion equity investment, according to a report from Bloomberg. xAI makes Grok, the AI chatbot that’s embedded inside the social network X, as well as the image generator Aurora. The technology that powers these products is notoriously resource-intensive, which could be contributing to the rate at which the company is spending money.
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