AI, Elon Musk's artificial intelligence startup, raised $5 billion in debt and $5 billion in equity. The funding will go towards xAI's efforts to build out its AI infrastructure and develop its Grok chatbot.

AI has secured a total of $10 billion in fresh funding to accelerate further in AI space by expanding its AI infrastructure and develop its flagship Grok platform

Billionaire Elon Musk shed new light last week on exactly what technology his artificial intelligence company has in Memphis, and what his plans are for the future of xAI.