Elon Musk's xAI Company in Advanced Discussions for $3 Billion Funding Round

Friday, 5 April 2024, 23:04
In a recent report by WSJ, it was revealed that investors including Gigafund and Steve Jurvetson are in discussions to invest in Elon Musk's xAI company for a substantial sum of $3 billion. The report also mentions the participation of prominent venture firm co-founder in the fundraising talks. While terms are not yet finalized, the momentum in fundraising talks indicates a positive outlook for xAI's future growth.
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Elon Musk's xAI Company in Advanced Discussions for $3 Billion Funding Round

Elon Musk's xAI Nears $3 Billion Funding Round

Venture capital firm Gigafund, and Steve Jurvetson are among the backers considering investing in the round, the report said, citing people familiar with the matter. The WSJ report also said that a co-founder of another venture firm is also among the backers. Terms of the xAI fundraising were not finalized and the plans could change, the Journal said, adding that current fundraising talks have gathered momentum recently.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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