Musk's xAI Selling $5 Billion in Debt
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Elon Musk is raising $5 billion in debt for xAI Corp. to fund AI infrastructure, with Morgan Stanley managing the debt sale. He is also looking for $650 million for Neuralink.
In an interview with Sen. Ted Cruz (R-TX) in March, Musk said that within 10 years, “AI could probably do anything better than the human can cognitively,” and predicted a future where humanoid robots are as common as personal assistants. “Ultimately, there will be tens of billions,” he said.
Telegram CEO Pavel Durov announced a $300 million partnership with Elon Musk’s xAI to bring Grok to the messaging app.
Musk warned those involved that President Trump wouldn’t bless the OpenAI data-center project in Abu Dhabi unless his xAI company was included in the deal, according to people familiar with the matter.
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Amazon S3 on MSNElon Musk to BEAT OpenAI to Achieve AGI with New xAI SupercomputerElon Musk raised funding to build the world's biggest AI supercomputer, in pursuit of AGI. His AI startup built its valuation to $24b. I'll explain what xAI is and examine Grok 2 and Grok 3, and their implications for the future of artificial intelligence.
Critics of longtermism say it appeals to wealthy tech moguls precisely because it adds a sheen of morality to their masters-of-the-universe projects. They also say that the moguls’ ultimate goal is a utopian civilization of humans, biological and robotic, all A.I. enhanced.
"It is very hard to separate Elon Musk's brand from the brand of Tesla, and SpaceX," a Harvard Business fellow told Newsweek.