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Bloomberg Tech

Musk’s xAI Expands Fundraise to $20 Billion

Bloomberg Tech

Bloomberg

Tech News, Business News, Business, News

4.549 Ratings

🗓️ 8 October 2025

⏱️ 49 minutes

🧾️ Download transcript

Summary

Bloomberg’s Caroline Hyde and Ed Ludlow discuss the curious financial structure Elon Musk’s AI startup, xAI, is using to expand its ongoing fundraise. Plus, Tesla unveils cheaper versions of its top-selling EV models. And, the UK Minister for AI discusses increased investments between the UK and US on tech innovation.

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Transcript

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0:17.9

Hi, I'm Stephen Carroll.

0:19.3

And I'm Caroline Hepka, here to introduce you to a podcast that brings you the news you need to start your day in just 15 minutes.

0:26.9

It's called Bloomberg Daybreak Europe Edition, covering all the top stories across Europe and around the world.

0:33.0

Each weekday morning, we're up early to bring you the latest news by 7 a.m.

0:37.0

We've got everything you need to know, from geopolitics and global events to economics and

0:41.7

what's moving markets. I'm covering it all from London.

0:45.2

And I'm in the EU's capital Brussels. We have 3,000 journalists and analysts around the

0:49.3

world to tell you what's happening, what it means and why it matters.

0:53.3

It's more than just business headlines,

0:55.3

from the price of your breakfast to global shifts in power. Economics and money aren't just part

1:00.3

of the story. They're often the driving force. So start your day with us on Bloomberg Daybreak

1:05.1

Europe edition for the news you need to know and the context to make sense of it. Find new episodes

1:10.1

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1:20.9

Bloomberg Audio Studios. Podcasts Radio News.

1:30.4

Bloomberg Tech is live from coast to coast with Caroline Hyde in New York and Ed Lovlo in San Francisco.

1:41.8

This is Bloomberg Tech coming up. Elon Musk's XAI taps big name investors, including

1:47.9

Nvidia, in a curious piece of financing for GPUs. Bloomberg breaks the story wide open.

1:54.2

Plus, Tesla unveils cheaper versions of its top-selling EV models. Will it help with falling sales numbers?

1:59.8

We'll discuss. We sit down with the UK

...

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