Musk's xAI in talks for $4.3 billion equity funding, Bloomberg News reports
Elon Musk's AI startup xAI is in talks to raise $4.3 billion through an equity investment on top of its $5 billion debt funding plans, Bloomberg News reported on Tuesday, citing information shared with investors.
Between its founding in 2023 and when the debt sale was launched this year, xAI raised $14 billion through equity fundraising, the report said.
The Grok chatbot maker needs new funding, partly because it has already spent most of what it previously raised, according to the report.
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