Elon Musk’s xAI is in advanced talks to raise $15 billion at a $230 billion valuation as it accelerates data-center expansion and model development.
Elon Musk’s artificial-intelligence startup xAI is in advanced discussions to raise $15 billion in new equity at a valuation of about $230 billion, according to a Tuesday report by The Wall Street Journal.WSJ, citing people familiar with the matter, said the proposed terms is an uptick from the $113 billion valuation xAI disclosed in March when it acquired Musk’s social-media platform, X.The details were shared with potential investors on Tuesday night by Musk’s wealth manager, Jared Birchall, w
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