Elon Musk's xAI Secures $10 Billion In Debt And Equity Amid Soaring Burn Rate As AI Arms Race Intensifies

Elon Musk‘s xAI has successfully secured a massive $10 billion in fresh debt and equity. This move is a bid to expand AI infrastructure through data centers, amidst intensifying industry competition. What Happened: Musk’s xAI has completed a $5 billion debt raise alongside a separate $5 billion…