- Key Points
- Bloomberg News reported Friday that Elon Musk’s xAI Holdings is in discussions with investors to raise about $20 billion.
- According to the report, the funding would value the company at over $120 billion.
- Musk was looking to assign “proper value” to xAI, sources told Expressepaper David Faber earlier this month.
The X logo appears on a phone, and the xAI logo is displayed on a laptop in Krakow, Poland, on April 1, 2025. (Photo by Klaudia Radecka/NurPhoto via Getty Images)
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Elon Musk’s xAI Holdings is in discussions with buyers to raise about $20 billion, Bloomberg News mentioned Friday, citing people acquainted with the problem.
The document says that the agency would be worth more than $ 20 billion with the money. Musk changed into seeking to assign “right value” to xAI, sources informed Experssepaper David Faber earlier this month. Faber was knowledgeable with the aid of sources familiar with the situation that the comments had been made at some stage in a call with xAI buyers. The Tesla CEO at that time didn’t explicitly mention any upcoming funding round, but the resources advised xAI turned into getting ready for a massive capital improvement shortly.
The funding amount might be more than $20 billion as the exact figure has no longer been determined, according to the Bloomberg file.
Artificial intelligence startup xAI didn’t at once respond to an Expressepaper request for a remark out of doors of U.S. Business hours.
The social media platform turned into valued at $33 billion and xAI at $80 billion, respectively, while the AI organisation bought X in an inventory-best transaction last month. The futures of xAI and X are intertwined. Today, we formally take the step to mix the records, models, compute, distribution, and expertise,” Musk stated on X, saying the deal. “This combination will unencumber huge potential through mixing XAI’s advanced AI functionality and information with X’s massive reach.”