XAI is tapping into the booming private-credit market to find the cash it needs to build massive data centers.

Elon Musk's artificial intelligence startup xAI is working with a financier to secure up to $12 billion more for its expansion plans, the Wall Street Journal reported on Tuesday, citing people familiar with the situation.

Elon Musk’s SpaceX is channeling $2 billion into xAI, marking its first significant investment in Musk’s AI startup. This deal represents nearly half of xAI’s recent $5 billion fundraising round. With xAI now valued at $113 billion after merging with X (formerly Twitter),

xAI’s latest frontier model, Grok 4, has been released without industry-standard safety reports, despite the company’s CEO, Elon Musk, being notably vocal about his concerns regarding AI safety. Leading AI labs typically release safety reports known as “system cards” alongside frontier models.

AI is expanding its Mid-South footprint with the purchase of a 114.49-acre Stanton Road property in Southaven.