Elon Musk’s xAI is reportedly raising $4.3B to rival OpenAI and Google. The AI race is heating up, and Musk is betting big on his own AI ecosystem.

Elon Musk’s artificial intelligence startup xAI is in talks to raise $4.3 billion through an equity investment on top of the $5 billion it has recently been trying to borrow from debt investors, according to information the company shared with investors who asked not to be identified because it is private.