Elon Musk Secures $5 Billion for xAI Through Debt Sale, Funding AI Infrastructure Expansion

Elon Musk is taking a more hands-on approach to his businesses, recently securing a $5 billion debt sale through Morgan Stanley for his artificial intelligence startup xAI Corp. This funding will primarily be used to expand an extensive data center in Memphis. The deal comes after Musk announced his transition away from political involvement and focus on driving innovation within Tesla and Neuralink. 💰