BlockBeats news, on June 17, according to Bloomberg, informed investors revealed that Elon Musk's artificial intelligence company xAI is negotiating to raise $4.3 billion through equity financing. Most of the previously raised funds have been consumed, and the new funding will be used to support the continued development of its AI chatbot Grok.
Recently, xAI has also tried to raise $5 billion from debt investors for aggressive expansion.
