AsianFin -- Elon Musk’s AI venture xAI has raised $10 billion through a combination of debt and equity financing, according to Morgan Stanley. The funding round includes $5 billion in secured notes and term loans, and a separate $5 billion in strategic equity investment.

Morgan Stanley said in a post on X that the debt portion was oversubscribed and attracted major global investors, underscoring strong interest in xAI’s plans to scale its data center infrastructure amid growing competition in the artificial intelligence sector.