Elon Musk’s xAI raises $10 billion in debt and equity
Elon Musk announced the new company Xai, whom he said is the goal of understanding the true nature of the universe.
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Morgan Stanley said that Xai, a artificial intelligence attempt by Elon Musk, has collected $ 10 billion debt and self -equity.
The Bank said on Monday that half of this amount participated in safe notes and futures loans, and that a separate $ 5 billion was provided through strategic self -equity investment.
Financing provides Xai more firepower to create infrastructure and develop Grok Ai Chatbot as it compete with the bitter rival Openai and also include some of the other players Amazon-Bir anthropic.
In May, Musk said that XAI set up 200,000 graphic processing unit (GPU) in the Colossus facility in Tennessee, Tennessee, Tennessee. Colossus is a super computer that educates Xai’s artificial intelligence. Musk said that his company would continue to receive chips from semiconductor giants. Nvidia And AMD And Xai plans 1 million GPU facilities outside Memphis.
Morgan Stanley, who addressed the latest funds collected by the company, said, “Revenues will support the continuous development of the latest AI solutions, including Xai’s largest data centers in the world and the flagship Gok platform.”
Xai continues to publish updates to Grook and introduced the GROK 3 AI in February. Musk tried to increase the use of Gok by integrating the AI model with the X social media platform known as Twitter. In March, Xai acquired the site with an agreement worth $ 33 billion and AI $ 80 billion. It is unclear whether the new equity increase changes this valuation.
Xai was not immediately available for comment.
CNBC reported that Xai collected $ 6 billion with a 50 billion dollar valuation last year.
Morgan Stanley said the last borrowing proposal was “exaggerated and contains leading global debt investors.”
The competition between American AI initiatives is intensified and companies provide a large amount of financing to buy chips and create infrastructure.
In March, Openai closed a $ 40 billion financing tour that valued ChatGPT developer for $ 300 billion. Microsoft and Japan’s Softbank are among their major investors.
Claude Chatbot’s developer Anthropic closed a financing tour that valued the company for $ 61.5 billion in March. The company then received a $ 2.5 billion doner loan line in May in May.
Musk called Grook as a “seeking maximum truth” with “anti -awake” in order to leave his rivals. However, this did not come from the debate without a fair share. Earlier this year, Gok responded to user queries with irrelevant comments about “White Genocide” and the controversial issue of South Africa.
Musk also clashed with AI leaders, including Sam Altman from Openai. The most famous, Musk, Openai, as a non -profit organization, as an organization to benefit from artificial intelligence developing task deviated from the task of developing and instead focusing on commercial success. In February, Musk offered $ 97.4 billion to buy Openai’s control alongside a group of investors. Altman quickly rejected the offer.
– Lora Kolodny and Jonathan Vanian from CNBC contributed to this report.
