Elon Musk’s artificial intelligence startup xAI is reportedly seeking to raise $4.3 billion in equity investment, according to Bloomberg.
This funding effort comes in addition to Musk’s ongoing attempt to secure $5 billion in debt financing for the joint operations of xAI and the social media platform X (formerly Twitter).
xAI previously raised $6 billion in December 2024. However, due to the highly resource-intensive nature of its core products — the AI chatbot Grok, integrated into X, and the image generator Aurora — much of that funding has already been spent.
The company now appears to be pursuing additional investment to further develop and scale its technology.
xAI's tools are part of Musk’s broader vision to compete in the rapidly evolving AI space and provide alternatives to dominant players like OpenAI and Google DeepMind.
