Elon Musk is broadening the horizons of his AI company xAI by attracting $10 billion in capital. These investments are evenly distributed between secured debt and strategic equity investments. This financial influx will allow the company to increase resources for growth, scale its supercomputer Colossus, and further train the chatbot Grok.
Meanwhile, tensions between Elon Musk and U.S. President Donald Trump are rising. On the Truth Social platform, Trump accused Musk of achieving success at the expense of government subsidies, suggesting a financial investigation to cut costs. Elon Musk had to publicly respond, emphasizing xAI's independence from government support.
A new phase of confrontation is likely to be raised after xAI received investments exceeding the amounts previously attracted by OpenAI, valued at $300 billion. Competition among American firms in the AI industry is intensifying, and xAI is ready to fight for its market share, even despite the political instability caused by the conflict between Musk and Trump.
Alongside xAI's continued investment growth, Congress is discussing amendment proposals that could change the taxation of cryptocurrency operations, which are being debated against the backdrop of disagreements over the use of digital assets in government.
