Elon Musk's AI startup xAI is in talks to raise $4.3 billion through an equity investment on top of its $5 billion debt funding plans, Bloomberg News reported on Tuesday, citing information shared with investors.

Elon Musk's AI startup, xAI, is reportedly in discussions to secure $4.3 billion in equity funding, following recent attempts to borrow $5 billion from debt investors.

AI, Elon Musk's rising startup, is aiming to secure billions more in funding to fuel its AI ambitions, per a report.