Musk's artificial intelligence venture, xAI, is currently seeking $9.3 billion in debt and equity financing. Recent reports have erroneously claimed that xAI incurs monthly expenses of up to $1 billion, a figure Musk has swiftly dismissed as "nonsense." Subsequent to the merger of xAI with Musk's social media platform X, the combined entity attained a valuation of $113 billion, necessitating substantial capital to fuel AI model development and data center expansion.