Elon Musk’s xAI is raising another $4.3 billion in equity funding, Bloomberg reports. This comes on top of a $5 billion debt raise Musk is reportedly pursuing for the combined X and xAI entity.
The startup is back for more cash just months after securing $6 billion in December. The reason? Burning through that cash fast.
xAI runs Grok, the AI chatbot built into Musk’s social media platform X, plus Aurora, an image generator. Both use intense computing power, likely driving costs sky-high.
The money push signals xAI is scaling up but still bleeding cash at a rapid clip.
Read full Bloomberg report here.
