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