Illon Musk raises Xai $ 10 billion of debt and fairness

Xai, starting artificial intelligence runs it Elon MuskMorgan Stanley said that the collection of $ 10 billion in debt and shares.

The bank said on Monday that half of this amount was imposed through guaranteed observations and term loans, while a separate amount was secured 5 billion dollars by investing strategic shares.

XAI financing gives more fireworks to build infrastructure and develop Chatbot Grok AI where he looks forward to competing with bitter OpenAI competitor, as well as with a group of other players including AmazonAnthropor.

In May, tell Musk Cnbc XAI installed 200,000 GPS processing units in the Colossus facility in Memphis, Tennesse. Colossus is the Xai super computer that trains the company’s artificial intelligence. Musk said at the time that his company will continue to buy chips from semiconductor giants Nafidia and AMD And that Xai plans for the GPU 1 million GPU outside Memphis.

Treating the latest funds collected by the company, Morgan Stanley that “the returns will support the continuous development of Xai for advanced artificial intelligence solutions, including one of the world’s largest data center and the leading Grok platform.”

Xai continues to issue updates to GROK and unveiled Grok 3 AI Model In February. Musk sought to enhance Grok using the artificial intelligence model with the X X social platform, previously known as Twitter. In March, Earn xi X In a deal valued at $ 33 billion and the artificial intelligence company at $ 80 billion. It is not clear whether to increase the new shares has changed this evaluation.

Xai was not immediately available for comment.

Last year, Xai raised $ 6 billion with a rating of $ 50 billion, CNBC mentioned.

Morgan Stanley said the latest debt offers were “exaggerated and included prominent global debt investors.”

Competition is competing with American startups AI, as companies collect huge amounts of financing to buy chips and build infrastructure.

Openai closed in March a $ 40 billion financing round Which is estimated at 300 billion dollars. Among its adult investors are Microsoft and Softbank in Japan.

Anthropor, Chatbot developer, closed a funding round in March The company is estimated at $ 61.5 billion. Then the company received a file A 2.5 billion dollar credit credit line in May.

Musk Grok described it as “a maximum to search for the truth”, which is also “fighting tourists”, in an attempt to distinguish it from its competitors. But this did not come without its fair share of the controversy. Earlier this year, Grok responded to user inquiries with unrelated comments about A controversial topic for “white genocide” and South Africa.

Musk also clashed with his fellow artificial intelligence leaders, including Sam Taman from Openai. The most famous, Musk claimed that Openai, whose founding, has deviated from its original mission of developing artificial intelligence in favor of humanity as a non -profit organization and instead focuses on commercial success. In February, MUSK, along with a group of investors, made a $ 97.4 billion offer to purchase control over Openai. Altman rejected quickly the show.

– Laura Culodni and Jonathan Vanian of CNBC contributed to this report.