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Elon Musk’s xAI Raises $10 Billion in Debt and Equity Amid Generative AI Competition

Just over six months after securing $6 billion in a Series C funding round valuing the company at $50 billion, xAI, led by Elon Musk, has successfully raised an additional $10 billion through debt and equity financing, intensifying its position in the competitive generative AI landscape.

Crunchbase
Crunchbase