June 2, 2025:
Musks xAI Launches $5B Debt Sale for Expansion - Elon Musk's xAI is raising $5 billion through a debt sale to enhance its AI infrastructure, aiming to compete with OpenAI and Google. This follows the controversial merger of xAI with X Corp, boosting xAI's valuation to $113 billion. Musk is refocusing on his tech ventures amidst challenges like X's financial struggles and Grok's controversies.
xAI plans significant investments, including developing a supercomputer, and is seeking an additional $20 billion from venture capitalists. Key partnerships, such as with Microsoft and Telegram, underline its ambition in AI.
