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Elon Musk’s xAI in Talks to Raise Funding Valuing It at $40 Billion: Report

Elon Musk's startup xAI is negotiating to raise funding, aiming for a valuation of around $40 billion, as reported by a person familiar with the matter.
The startup's value rose from $24 billion during its last round in May and now ranks among the most valuable US startups.
XAI plans to use the new funding to launch products and speed up research, as stated by the company linked to Musk's social media platform X.

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Firstpost News

Elon Musk seeks funding for his AI venture xAI at a $40 billion valuation

The proposed $40 billion valuation would place xAI among the most valuable startups in the United States, signalling Musk’s ambition to turn it into a major player in the AI race. Musk's ambitions for xAI reflect his desire to compete head-to-head with industry giants like OpenAI

4 months ago·Mumbai, India

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WION

Elon Musk’s xAI seeks $40 billion valuation in new funding round

Elon Musk's artificial intelligence venture, xAI, is reportedly seeking a new funding round that could elevate its valuation to approximately $40 billion. This comes just months after the company raised $6 billion, according to a source familiar with the situation, as reported by Bloomberg.

4 months ago·Noida, India

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The Rio Times

Musk's A.I. Venture xAI Seeks Massive Funding Boost, Eyeing $40 Billion Valuation

Elon Musk’s artificial intelligence startup xAI is making waves in the tech world. The company is in talks with investors for a new funding round that could value it at a staggering $40 billion. This move comes just months after xAI raised $6 billion at a $24 billion valuation. The AI race is heating up […]

Elon Musk’s xAI startup said to eye funding round, valuing the company at this much

xAI is in talks with investors for a funding round, the Wall Street Journal reported.

5 months ago·United States

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U.S. News

Elon Musk's XAI in Talks to Raise Funding Valuing It at $40 Billion, WSJ Reports

US News is a recognized leader in college, grad school, hospital, mutual fund, and car rankings. Track elected officials, research health conditions, and find news you can use in politics, business, health, and education.

5 months ago·New York, United States

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