Technology10/8/2025Bloomberg

Musk’s xAI Expands Fundraise to $20 Billion | Bloomberg Tech 10/8/2025

Musk’s xAI Expands Fundraise to $20 Billion | Bloomberg Tech 10/8/2025

Elon Musk's artificial intelligence startup, xAI, has expanded its ongoing fundraise to $20 billion. The company is using a curious financial structure to achieve this expansion. Additionally, Tesla has unveiled cheaper versions of its top-selling electric vehicle (EV) models. Meanwhile, the UK Minister for AI has discussed increased investments between the UK and US on tech innovation.

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