The entity will have approximately 15 credit investment professionals in New York, London and Singapore.
The new funding brings xAI's total funding to $12 billion.
This is mainly driven by the expected launch of 11 late-stage R&D products. The schizophrenia market in seven major markets…
Sources familiar with the matter said a deal could be finalized and announced as early as this week.
A formal announcement is expected next week, following written commitments.
The funds will be used to develop artificial intelligence products and expand international operations.
Labubu dolls get on display screen at a prominent market global team business in Shanghai, China. Raul Ariano/Bloomberg Wang Ning,…
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