Investors in Talks to Help Elon Musk's xAI Raise $3 Billion, WSJ Reports

Friday, 5 April 2024, 23:04

The report by WSJ suggests that investors, including Gigafund and Steve Jurvetson, are interested in funding Elon Musk's xAI project with $3 billion. However, terms of the fundraising are not yet finalized and plans could possibly change in the future. The recent momentum in the fundraising talks indicates a positive outlook for xAI's financial future.
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Investors in Talks to Help Elon Musk's xAI Raise $3 Billion, WSJ Reports

Investors Eyeing $3 Billion Investment in Elon Musk's xAI

Venture capital firm Gigafund and prominent investor Steve Jurvetson are reportedly considering hefty investments in Elon Musk's xAI project. According to sources familiar with the matter, these investors, along with a co-founder of another venture firm, are in talks to support the ambitious project.

Uncertainty Surrounds xAI Fundraising

The Wall Street Journal report highlights that while talks are progressing, the terms of the fundraising for xAI have yet to be finalized. It is emphasized that the current plans are subject to potential modifications, indicating flexibility in the funding process.


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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