Days after announcing his departure from the Donald Trump Administration and as Chief of the Department of Government Efficiency (DOGE), DOGE, Billionaire Elon Musk Has Refocused HIS EFFORTS REFORTS REFORTS REFORTS REFORTS REFORTS REFORTS REFORTS REFOCUS Companies, according to a bloomberg report.
Elon Musk is Selling $ 5 Billion in Debt for his artificial intelligence company xai corp, with morgan stanley as the banker, for a double-direction interesting rate, the report said Citing Sources. The move likely comes as the ai startup looks to fund its expansive infrastructure with a massive date center in memphis, tennessee.
The report added that a spekesperson for xai declined to comment, while the morning stanley representative did not immediatily respond to queries.
Neuralink Raises $ 650MN – All You need to know
In another report, bloomberg said that elon musk’s neuralink has raised an additional $ 650 million. The Financial Times (Ft) in Its Report said that this included selling $ 300 million in xai stock through a secondary offering.
The company in a statement said that this fundraise come as its brain implant device enters clinical trials in three countries. “This Funding Helps Us Bring Our Technology to More People – Restoring Independence for that with Unmet Medical Needs and Pushing the boundaries of what’s passible with brin -bringers,” Nehralink Stated.
The Chip Processes Neural Signals that Can Be Transmitted to Computers, and the Company Claims that five patients with the severe palysis are using it to control digital and physical devices with their thoughts.
(With inputs from bloomberg)