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Musk's xAI to raise up to $12 billion in debt for AI expansion, WSJ reports

Business · United States

Musk's xAI to raise up to $12 billion in debt for AI expansion, WSJ reports

54% Center coverage: 13 sources

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.See the Story

Figma IPO Could Value Design Software Maker at $16 Billion

Wall Street · San Francisco

Figma IPO Could Value Design Software Maker at $16 Billion

Coverage: 7 sources

Figma disclosed preliminary results for the second quarter showing revenue growth between 39% and 41% year over year.See the Story

Newsletter platform Substack valued at $1.1 billion in latest funding round

Business · San Francisco

Newsletter platform Substack valued at $1.1 billion in latest funding round

57% Center coverage: 7 sources

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