equity

Elon Musk’s xAI raises $10 billion in debt and fairness

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Elon Musk’s xAI raises billion in debt and fairness

Elon Musk announced his new company xAI, which he says has the goal to understand the true nature of the universe. Jaap Arriens | Nurphoto | Getty Images XAI, the artificial intelligence startup run by Elon Musk, raised a combined $10 billion in debt and equity, Morgan Stanley said. Half of that sum was clinched … Read more

Peak private equity? Sector gets defensive about its returns

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Peak private equity? Sector gets defensive about its returns

Working late, office buildings, Financial District, London. Travelpix Ltd | Stone | Getty Images BERLIN — Private equity’s biggest annual gathering is called SuperReturn, but its returns haven’t been looking quite so super of late — leading the industry to urge investors to ride out the uncertainty. At this year’s conference in Berlin, Germany there … Read more