Elon Musk's AI firm xAI Corp raises $5B, plans data center; Neuralink gets $650M.

Elon Musk's AI startup, xAI Corp, is raising $5 billion in debt through Morgan Stanley, with plans to invest in AI infrastructure, including a data center in Memphis. Concurrently, Musk's neurotech firm, Neuralink, has raised $650 million. The funding efforts come as Musk refocuses on his business ventures post-politics.