Hey folks, Nuked here! Ready for some exciting tech news? Let’s dive into how Elon Musk’s AI venture, xAI, just scored a massive $10 billion boost!

Elon Musk’s AI company, xAI, has successfully raised $10 billion through a mix of debt and equity, Morgan Stanley announced on Monday. The financial giant shared that xAI secured $5 billion in debt and another $5 billion through strategic equity investments.

This funding mix helps cut costs and opens up a lot of financial opportunities for xAI. The company plans to use the influx for developing cutting-edge AI tech, including a huge data center and its flagship platform, Grok. Morgan Stanley noted that the money will support xAI’s growth and innovation efforts.

This new round follows a previous $6 billion fundraising event in December, which brought in investments from big names like Andreessen Horowitz, Blackrock, Fidelity, Nvidia, and others. Overall, xAI has raised around $17 billion so far, making it one of the most well-funded AI companies around.

Stay tuned for more updates on this rapidly evolving space, and remember, tech is always changing — sometimes faster than we can keep up!