TechFlow, July 1 — According to an official announcement, Morgan Stanley has successfully completed the $5 billion secured note and term loan financing for xAI. At the same time, xAI has separately secured $5 billion in strategic equity investment, bringing the total funding to $10 billion. The transaction was oversubscribed and attracted participation from prominent global debt investors. The funds will support xAI's development of cutting-edge artificial intelligence solutions, including building one of the world's largest data centers and its flagship platform Grok. The combination of debt and equity financing reduces overall capital costs and significantly expands the capital pool available to xAI, strengthening its competitiveness against rivals such as OpenAI.
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