Elon Musk reportedly on the verge of raising billions for his AI company

Apr 27 2024 by Mashable

 

Elon Musk's OpenAI competitor is getting ready to raise some big money from Silicon Valley.

According to new, anonymously-sourced reports from The Information and TechCrunch, Musk's AI company xAI is currently raising $6 billion on a $18 billion pre-money valuation, and the deal is expected to close in a matter of weeks.

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