Elon Musk’s AI startup set to get debt backing from TPG

Share via:


TPG Angelo Gordon is an anchor investor in a debt package for Elon Musk’s artificial intelligence startup, xAI Corp., according to people with knowledge of the matter.

The firm is investing in a loan that is part of a debt offering for xAI, which Morgan Stanley started pre-marketing in recent weeks, said the people, who asked not to be identified discussing private information.

Representatives for TPG and Morgan Stanley declined to comment. A representative for xAI didn’t respond to a request for comment.

The debt package is one of several…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Elon Musk’s AI startup set to get debt backing from TPG


TPG Angelo Gordon is an anchor investor in a debt package for Elon Musk’s artificial intelligence startup, xAI Corp., according to people with knowledge of the matter.

The firm is investing in a loan that is part of a debt offering for xAI, which Morgan Stanley started pre-marketing in recent weeks, said the people, who asked not to be identified discussing private information.

Representatives for TPG and Morgan Stanley declined to comment. A representative for xAI didn’t respond to a request for comment.

The debt package is one of several…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Infosys to give cash sops to employees taking part...

India’s second largest software major Infosys has introduced...

Everything ‘e’ won’t make you a millionaire. Just look...

The years 2020 and 2021 were the boom...

Nintendo Switch 2 launch draws eager fans

Eager customers lined up outside electronics stores in...

Popular

Upcoming Events

dfas dfas dfas dfas dfas dfas dfas dfas dfas dfas dfas dfas dfas asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd