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 in the relationship 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 that financial authorities conduct an investigation to cut costs. Elon Musk had to publicly respond, emphasizing xAI's independence from government support.
A new round of opposition is likely to be raised after xAI received investments that exceed the amounts previously attracted by OpenAI, valued at $300 billion. Competition between American firms in the AI industry is escalating, and xAI is ready to fight for its market share, even amidst the political instability caused by the conflict between Musk and Trump.
Along with the fact that xAI continues to increase investments, there are discussions in Congress about amendment projects that could change the taxation of cryptocurrency operations, which are being discussed against the backdrop of disagreements regarding the use of digital assets in government.
