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Elon Musk’s AI startup, xAI, is reportedly close to raising $15 billion — pushing its valuationtoward $230 billion.
Elon Musk’s artificial-intelligence startup xAI is reportedly in advanced talks to raise US $15 billion in fresh equity — a move that could push its valuation close to US $230 billion.This would represent one of the largest AI fundraising rounds ever seen, positioning xAI among the world’s most valuable AI…
Debt Risks Rising in the AI and Data Centre Boom
Financing the Digital Expansion The rapid build-out of AI infrastructure and data centres is generating headline-making deals, yet behind the glamour lies a web of complex financing that could test global markets.Recent months have seen a surge in investment-grade debt issued by large tech and infrastructure players, while corporate borrowing,…
The New Front in the Tech War: How CXMT’s Shanghai Listing Redraws the Global Memory Chip Map
CXMT’s $42B Shanghai IPO Fuels China’s Chip Ambitions China’s semiconductor industry is taking a bold step forward as Changxin Memory Technologies (CXMT) prepares for a massive Initial Public Offering (IPO) on the Shanghai Stock Exchange. The deal, potentially worth $42.12 billion (300 billion yuan), aims to raise between 20 billion…
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