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According to Foresight News, Bloomberg reported that Elon Musk is issuing $5 billion in bonds for his artificial intelligence startup xAI Corp. Morgan Stanley is selling xAI's debt at double-digit interest rates, according to insiders. This funding may help Musk continue to invest heavily in artificial intelligence infrastructure while building a large data center in Memphis. Insiders revealed that Morgan Stanley is selling xAI's debt at double-digit interest rates. This funding may help Musk continue to invest heavily in artificial intelligence infrastructure while building a large data center in Memphis. According to multiple insiders, preliminary pricing negotiations show that the interest rate of floating rate term loans is 7 percentage points higher than the benchmark interest rate, and the yield of preferred bonds is about 12%. They added that the bond issuance has generated over $3.5 billion in demand. According to the Financial Times, in addition to issuing xAI debt, Musk also raised $650 million for his neurotechnology company Neuralink Corp. and sold $300 million worth of xAI stock through a secondary offering.