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xAI targets $5 billion debt offering to fuel company goals

  • xAI, supported by Morgan Stanley, plans a $5 billion debt offering to advance its artificial intelligence ventures.
  • The financing package includes bonds and two loans, emphasizing xAI's strategic aim to boost its AI development.
  • Morgan Stanley is marketing a floating-rate term loan B at a 97-cent dollar price, showcasing a cautious lending approach amidst economic uncertainty.
  • In addition to debt, xAI is in discussions to secure $20 billion in equity, potentially valuing the company between $120 billion to $200 billion, positioning it for a significant role in the AI revolution.

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