Elon Musk's Friends Eye $3 Billion for AI Startup xAI

Saturday, 6 April 2024, 19:02

Investors linked to Elon Musk are in discussions to raise $3 billion for xAI, aiming to rival competitors like OpenAI and Anthropic. The funding round may value the startup at $18 billion, signaling industry confidence in Musk's ambitious AI initiatives.
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Elon Musk's Friends Eye $3 Billion for AI Startup xAI

Elon Musk's AI Startup Seeks Funding Boost

Investors close to Elon Musk are reportedly in talks to help xAI raise $3 billion in a funding round. The potential valuation of $18 billion would position xAI to compete with industry peers.


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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