Elon Musk’s xAI is reportedly seeking a $4.3B equity raise

Elon Musk’s startup, XAI, is trying to raise an investment in equity of $ 4.3 billion, according to a report of Bloomberg. This funding in shares would be added to $ 5 billion This musk would try to remove the financing of the debt for the Combined entity of X and XAI.

The company seems to collect funds after winning a cash infusion of $ 6 billion in December, because it has already spent a large part of its money.

XAI is grok, the AI ​​chatbot which is integrated inside the social network X, as well as the image generator Dawn. The technology that feeds these products is notoriously at high intensity of resources, which could contribute to the rate to which the company spends money.