Musk's xAI in talks for $4.3 billion equity funding, Bloomberg News reports


FILE PHOTO: A 3D-printed miniature model of Elon Musk and the xAI logo are seen in this illustration taken January 23, 2025. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) -Elon Musk's artificial intelligence startup xAI is in talks to raise $4.3 billion through an equity investment on top of its $5 billion debt funding plans, Bloomberg News reported on Tuesday, citing information shared with investors.

Between its founding in 2023 and when the debt sale was launched this year, xAI raised $14 billion through equity fundraising, the report said.

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