Elon Musk’s artificial intelligence startup xAI is in talks to raise $4.3 billion through an equity investment on top of the $5 billion it has recently been trying to borrow from debt investors, according to information the company shared with investors who asked not to be identified because it is private.

Elon Musk’s artificial intelligence firm xAI is reportedly in talks to raise $4.3 billion in a new equity investment round. The company behind snarky AI chatbot Grok has told investors that it needs the money in part because it has burned through cash it had previously raised,

Elon Musk's AI startup, xAI, is reportedly in discussions to secure $4.3 billion in equity funding, following recent attempts to borrow $5 billion from debt investors.