According to Bloomberg, Elon Musk's AI startup xAI is reportedly in advanced discussions to raise $4.3 billion in equity funding. This significant capital injection could accelerate xAI's growth, boosting development in AI-driven blockchain solutions and increasing competition in the crypto-AI sector. Traders should watch for increased volatility and potential upside in AI-related cryptocurrencies as investor interest rises in this space, especially given Musk's influence on crypto markets (Source: Bloomberg).