data centres – Page 2 – Charm

Musk’s xAI raises $5 billion each in fresh debt and equity, Morgan Stanley says

Cs news8 months ago02 mins

(Reuters) –Elon Musk‘s xAI has completed a $5 billion debt raise alongside a separate $5 billion strategic equity investment, Morgan Stanley said on Monday, as the startup looks to expand its AI infrastructure through data centres amid intensifying competition in the industry. The $5 billion raised in debt consists of financing of secured notes and…

China’s AI capital spending set to reach up to US$98 billion in 2025 amid rivalry with US

Cs news8 months ago02 mins

That would represent as much as a 48 per cent overall growth this year for China’s AI capex from 2024, BofA Securities’ co-head of China equity research Matty Zhao, who also heads Asia-Pacific basic materials, oil and gas research at BofA Global Research, said in an interview on Monday. Government investment is expected to account…