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xAI raises $10B in debt and equity
Elon Musk's AI company, xAI, has raised $5 billion in debt and $5 billion in equity, Morgan Stanley said on Monday.
Elon Musk’s AI company, xAI, has raised $10 billion in debt and equity, Morgan Stanley confirmed on Monday. The proceeds will support xAI’s continued development of cutting-edge AI solutions, including one of the world’s largest data center [sic] and its flagship Grok platform,” Morgan Stanley wrote. This latest funding follows a $6 billion round that the company raised in December from a slate of big name investors, including Andreessen Horowitz, Blackrock, Fidelity, Lightspeed, MGX, Morgan Stanley, OIA, QIA, Sequoia Capital, Valor Equity Partners, Vy Capital, Nvidia, AMD, and Kingdom Holdings, a Saudi conglomerate.
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