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X.AI: In talks to raise investment funding of about $4.3 billion
#x.AI
The AI startup X.AI, owned by billionaire Elon Musk, is in talks to raise $4.3 billion through equity investment in addition to its plans to finance $5 billion in debt, according to information shared with investors.
Bloomberg reported that the commitments related to the sale of $5 billion in debt are due today, Tuesday. Additionally, X.AI may also receive a $650 million discount from a manufacturing company, which will help it reduce costs, according to the report.
The AI startup X.AI, owned by billionaire Elon Musk, is in talks to raise $4.3 billion through equity investment in addition to its plans to finance $5 billion in debt, according to information shared with investors.
Bloomberg reported that the commitments related to the sale of $5 billion in debt are due today, Tuesday. Additionally, X.AI may also receive a $650 million discount from a manufacturing company, which will help it reduce costs, according to the report.
Spectacular news!
Grok by x.ai is now besting “OpenAI” across the board in a typical metric.
Congratulations to the entire team, the best in the industry.
An amazing acceleration, literally months against years.
What’s ahead is stunning.
#grok #x.ai #DogecoinCommunity #elon $DOGE
Grok by x.ai is now besting “OpenAI” across the board in a typical metric.
Congratulations to the entire team, the best in the industry.
An amazing acceleration, literally months against years.
What’s ahead is stunning.
#grok #x.ai #DogecoinCommunity #elon $DOGE
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