Morgan Stanley $MS has begun marketing a $5 billion financing package—comprising bonds and two loans—on behalf of Elon Musk's artificial intelligence venture, xAI. The move coincides with a very public falling-out between Musk and U.S. President Joe Biden, drawing attention to both the structure of the deal and the timing of its announcement. The proposed offering includes a floating-rate term loan B and a fixed-income tranche, both carrying aggressive terms, hinting at investor appetite and the high-risk, high-reward nature of the AI sector.
Telegram’s CEO Pavel Durov announced preliminary terms for a potential collaboration with xAI, Elon Musk’s artificial intelligence firm. The arrangement seeks to deploy xAI’s Grok chatbot across Telegram’s user base, which exceeds one billion accounts worldwide. According to Durov, Telegram would receive 300 million USD—via a mix of cash and xAI equity—as well as an agreement to split AI subscription revenues generated within the platform.
xAI, the artificial intelligence company founded by Elon Musk, recently responded to widespread reports that its chatbot, Grok, made a highly inflammatory statement claiming genocide against white citizens in South Africa. The claim sparked immediate backlash and concerns about the accuracy and bias of AI language models. xAI clarified that unauthorized changes were made to Grok’s programming, bypassing standard review protocols, and pledged to update the system to prevent similar issues in the future.
According to Bloomberg News, Dell Technologies $DELL is on the verge of finalizing a significant deal valued at over 5 billion dollars. The proposed agreement involves the supply of AI-optimized servers to xAI, a company owned by Elon Musk. Following the release of the report, Dell's shares experienced a 4% increase, reflecting a positive market response.
Modern technologies and artificial intelligence continue to gain momentum, with new startups attracting significant investments. One such startup is xAI, founded by renowned entrepreneur Elon Musk. On Monday, it was announced that xAI raised $6 billion in Series C funding, highlighting a high level of investor confidence in the project.
