June 17, 2025:
Elon Musks xAI Seeks $4.3B Investment Boost - Elon Musk's startup xAI aims to raise $4.3 billion in equity funding, alongside $5 billion in debt funding, to facilitate its merger with X, according to Bloomberg. This follows a $6 billion investment last December, which has largely been expended.
xAI develops Grok, an AI chatbot, and Aurora, an image generator, both integrated into the social network X. The high resource demands of these products likely contribute to the swift spending and the need for additional capital.
