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Apr 28, 08:33 PM
Elon Musk's xAI Seeks $20 Billion Funding, Valuing X Platform at $33 Billion
VC
AI Fundraising
Business
AI

Elon Musk's xAI Seeks $20 Billion Funding, Valuing X Platform at $33 Billion

Authors
  • Bloomberg
  • zerohedge
  • Bloomberg Originals
34

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.

Written with ChatGPT .

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