Elon Musk's artificial intelligence company, xAI Holdings, is reportedly in discussions to secure a significant $20 billion funding round. This move is aimed at pushing the startup's valuation to over $120 billion, according to Bloomberg News. The funding round, if successful, would be one of the largest in startup history, only surpassed by OpenAI's recent $40 billion raise. The potential funding comes on the heels of xAI's acquisition of the social media platform X, previously known as Twitter, in an all-stock deal that valued X at $33 billion. This strategic move is part of Musk's broader vision to integrate AI technologies across his portfolio of companies, which also includes Tesla and SpaceX.
AI Agenda: xAI Investors on How The Startup Can Win A new Chinese research paper is raising questions about the pace of AI progress. And, ChatGPT has a personality problem. Read more 👉 https://t.co/aHygQPwlOJ
AI Agenda: xAI Investors on How The Startup Can Win A new Chinese research paper is raising questions about the pace of AI progress. And, ChatGPT has a personality problem. Read more from @steph_palazzolo👇
🚨 Big week in AI! DeepSeek returns to South Korea 🇰🇷, Claude Code automates 79% of coding tasks 💻, and Huawei’s Ascend 910D challenges Nvidia ⚡. Let’s dive in.👇 https://t.co/G0VMykKq6H