Elon Musk’s xAI is reportedly seeking a $4.3B equity raise


Elon Musk Xai’s launching is trying to raise an investment of $ 4.3 billion, according to a report by Bloomberg. This equity funding would add to the $ 5 billion that Musk is reportedly trying to raise financial debt for the combined entity of x and xai.

The company seems to raise money again after landing by $ 6 billion money infusions in December, as it has already spent much of its money.

Xai makes Grok, the AI ​​chat boot embedded into the social network X, as well as the image generator Aurora. The technology that operates these products is remarkably resource-intensive, which could contribute to the tax with which the company spends money.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *