Musk’s xAI Amasses $10B, Sets Sights on Creating the World’s Most Powerful AI

July 2, 2025 – According to a CNBC post on July 1, Elon Musk has secured a whopping 10billiontofuelhisAIambitionsandintensifythecompetitionwithOpenAI.Thisfundingcomesintheformofa5 billion debt and $5 billion equity combination. Morgan Stanley revealed on the same day that xAI, the AI company led by Musk, has raised a total of 10billionthroughamixofdebtandequity.Specifically,5 billion was obtained via secured notes and term…

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German Antitrust Chief Warns: AI Could Bolster Corporate Dominance

October 10, 2023 – Andreas Mundt, the head of Germany’s antitrust office, has issued a warning that artificial intelligence (AI) could further reinforce the market dominance of large tech companies, and regulatory authorities should closely monitor any anti-competitive behavior. Mundt’s remarks underscore the general concern among regulatory agencies that tech giants with vast user data…

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