xAI raises $10B in debt and equity
Elon Musk’s AI company, xAI, has raised $5 billion in debt and $5 billion in equity, Morgan Stanley said on Monday.
In Brief
Meta restructures its AI unit under ‘Superintelligence Labs’
Meta CEO Mark Zuckerberg is restructuring the company’s AI efforts to center around building AI “superintelligence.” Going forward, all teams working on AI at Meta will fall under a new group called Meta Superintelligence Labs, according to Bloomberg, which viewed an internal memo sent Monday. Alexandr Wang, the former CEO of data labeling startup Scale […]
Jesse Draper’s Halogen Ventures closes $30M Fund III to focus on ‘future of family’
The firm was founded in 2015 by Jesse Draper. The fund will focus on the physical and financial health of households.