What's the story Elon Musk's artificial intelligence (AI) start-up, xAI, has raised a whopping $10 billion in funding. The amount includes $5 billion in debt and another $5 billion in strategic equity investment. The funds will be used to expand xAI's infrastructure through data centers and further develop its AI solutions, including the Grok platform. Funding details Deal was oversubscribed, with participation from global debt investors The debt portion of the funding consists of secured notes and term loans. As per Morgan Stanley, the deal was oversubscribed, with participation from prominent global debt investors. In addition to the debt raise, xAI has also been in talks for an equity investment. Bloomberg reported that the company was initially negotiating a $4.3 billion equity deal. Market impact