Musk's xAI to raise up to $12 billion in debt
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AI founder Elon Musk provided an update on the company's second Memphis campus, including plans to start bringing the site online.
XAI is tapping into the booming private-credit market to find the cash it needs to build massive data centers.
Elon Musk's artificial intelligence startup xAI is working with a financier to secure up to $12 billion more for its expansion plans, the Wall Street Journal reported on Tuesday, citing people familiar with the situation.
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Elon Musk's xAI is reportedly seeking $12 billion in debt financing to buy Nvidia chips and build a massive AI supercluster, signaling an aggressive push to stay competitive in the global AI arms race.
A dynamic is emerging among Elon Musk’s Tesla, SpaceX, and xAI, fueling talk of consolidation. That isn’t necessarily a problem for Tesla shareholders.
During a project called "Skippy," tutors recorded themselves making facial expressions. It would help "give Grok a face," one engineer said.
AI has acquired the site of a former Duke Energy power plant in Mississippi, continuing the expansion of power infrastructure near its Memphis data centers.
AI is expanding its Mid-South footprint with the purchase of a 114.49-acre Stanton Road property in Southaven.
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AI released two AI "companions" on its Grok platform, a Japanese anime girl named "Ani" and an animated red panda called "Rudi."
The organization has teamed up with environmental groups to appeal a permit allowing Musk's company to run natural gas-burning turbines that power the facility.