The average yield-to-maturity on high-yield bonds ended at 7.6%. Musk’s AI company has to pay quite a bit higher because xAI ...

Elon Musk's startup xAI spends $1 billion a month, as the cost of creating advanced artificial intelligence models far ...

Elon Musk's xAi is increasing the yield it is offering on a $5 billion debt raise led by Morgan Stanley, a source with ...

Elon Musks xAI is raising $5 billion in debt, increasing the yield on its $3 billion bond offering from 12% to 12.5%. Its ...

The package now includes $3 billion of bonds with a 12.5% yield, a $1 billion fixed-rate term loan with a 12.5% interest rate ...

Elon Musk’s artificial intelligence startup xAI Corp. offered investors sweeter pricing on its $5 billion debt offering ...

Citing the usual anonymous people familiar with the matter, Bloomberg writes that the $500 million that xAI will earn this ...

Elon Musk’s artificial intelligence startup xAI is burning through $1 billion a month, according to a Bloomberg report. The ...

Elon Musk has promised that his AI business, xAI, will help to revolutionize society. Before it can do that, however, the ...

The rate at which the company is bleeding cash provides a stark illustration of the unprecedented financial demands of the ...

AI is in talks to raise $4.3 billion in new equity funding while burning through more than $1 billion monthly, Bloomberg reported Tuesday. The equity fundraising by Elon Musk’s company accompanies a ...