Elon Musk’s xAI is reportedly exploring a massive $20 billion funding round, sources indicate, potentially valuing the AI firm at over $120 billion. Bloomberg reported that discussions are in the early stages. If successful, the round would be the second largest private fundraising effort for a startup, approaching OpenAI’s previous record. The funds are expected to accelerate xAI’s artificial intelligence research and development, with a focus on integrating AI technologies with social media applications.
xAI Reportedly Seeking $20 Billion Infusion, Potentially Rivaling OpenAI’s Record
