AI, Elon Musk's artificial intelligence startup, raised $5 billion in debt and $5 billion in equity. The funding will go towards xAI's efforts to build out its AI infrastructure and develop its Grok chatbot.

Elon Musk’s xAI Holdings Corp. has raised $10 billion from investors to finance artificial intelligence initiatives. The deal was announced today by Morgan Stanley, which helped the company raise the funds.

Elon Musks artificial intelligence venture, xAI, has secured $10 billion in funding to fuel its rapid growth in the competitive AI sector, according to Morgan Stanley. The funding consists of $5 billion from secured