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Elon Musk's xAI Eyes New Funding at $40 Billion Valuation as AI Race Intensifies
OutlookIndia
·
9m ago
Medial
Elon Musk's AI start-up, xAI, is reportedly seeking new funding with a valuation of around $40 billion. The funding round is still in its early stages and has not been finalized. xAI recently raised $6 billion in a Series B round, with participation from various key investors. The funds raised were used to enhance infrastructure, accelerate R&D, and bring products to market. Musk has expressed his goal of increasing xAI's computing capacity. The company aims to develop advanced and beneficial AI systems.
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Musk's xAI seeks $20 bn funding at $120 bn valuation: Report
Inshorts
·
3m ago
Medial
Elon Musk's xAI Holdings is in talks to raise $20 billion in fresh funding at a valuation of over $120 billion, Bloomberg reported. If successful, this would be the second-largest startup funding round after OpenAI's $40 billion raise at a $300 billion valuation last month. In March, Musk sold his social media platform X to xAI for $45 billion.
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Elon Musk’s xAI in talks to raise funding valuing it at $40 billion
Livemint
·
9m ago
Medial
Elon Musk's xAI is reportedly in talks with investors for a funding round that could value the startup at around $40 billion. The funding discussions are still in the early stages, and xAI hopes to raise several billion dollars to add to its $40 billion valuation. The company has recently released a tool for developers and has plans to expand its Memphis data center. However, xAI has faced criticism for generating controversial images using its AI model. The funding round comes as other AI startups, like OpenAI, are also raising substantial funds to advance their technology.
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Elon Musk's AI startup xAI raises $6 billion in latest funding round
Economic Times
·
7m ago
Medial
Elon Musk's AI startup xAI has raised $6 billion in its latest funding round. The company, known for its Grok chatbot, attracted investments from venture capitalists, chipmakers NVIDIA and AMD, and investment funds from Saudi Arabia and Qatar. Despite Musk's warnings about the risks of AI, xAI continues to seek investment in the sector. The company now has an estimated valuation of $50 billion, although it is still overshadowed by competitor OpenAI's $157 billion valuation. xAI plans to use the funding to develop groundbreaking products and accelerate research in future technologies.
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Elon Musk companies may add over $220 billion in combined value after new funding rounds: Report | Company Business News
Livemint
·
5m ago
Medial
Elon Musk’s companies, including Tesla, SpaceX, and xAI, have significantly increased in value since the US presidential election, with a combined $613 billion surge. Tesla's stock has dropped about 25% from its peak but still holds strong on valuation. SpaceX became the most valuable tech startup, while xAI almost doubled its valuation. New funding rounds may add over $220 billion to Musk's private companies, potentially raising his net worth to over $420 billion.
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xAI, Elon Musk’s OpenAI rival, is closing on $6B in funding and X, his social network, is already one of its shareholders
TechCrunch
·
1y ago
Medial
Elon Musk's AI venture, xAI, is securing $6 billion in funding, valued at $18 billion pre-money, attracting interest from prominent investors like Sequoia Capital and Future Ventures. xAI aims to integrate data from Musk's various companies to enhance its AI capabilities, impacting projects from Tesla to SpaceX. This funding round emphasizes xAI's growing influence in the AI sector.
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Elon Musk says his AI startup xAI not raising capital
Economic Times
·
1y ago
Medial
Elon Musk clarified that his AI company xAI is not in talks to secure funding, contrary to a report by the Financial Times. Musk stated on social media platform X that xAI is not raising capital, and he has had no discussions in that regard. The Financial Times reported that xAI was seeking up to $6 billion in funding at a valuation of $20 billion. Musk's warnings about developing AI outside Tesla unless he gains more voting control have been noted, emphasizing his focus on building safer AI.
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Elon Musk's X in talks to raise funds at $44 billion valuation
Economic Times
·
5m ago
Medial
Elon Musk's social media platform, X, is in talks to raise funding at a $44 billion valuation, according to Bloomberg News. Discussions are ongoing, and details might change or be abandoned. This follows X's previous efforts to gather $10 billion for xAI, potentially valuing Musk's AI venture at $75 billion. Additionally, Wall Street banks are preparing to sell up to $3 billion in X's debt holdings, initially lent for Musk's buyout of the platform.
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Elon Musk’s xAI testing free version of chatbox Grok on X
Economic Times
·
8m ago
Medial
Elon Musk's AI company, xAI, is testing a free trial of its chatbot, Grok, in select regions including New Zealand. Currently, Grok is only available to xAI Premium subscribers who can make a limited number of queries. The chatbot also allows users to analyze images with a daily restriction. xAI has also announced plans to hire bilingual tutors in Hindi and English in India. The company faces competition from other AI models such as ChatGPT, Claude, Gemini, Perplexity, and Copilot. xAI is reportedly in talks with investors for a funding round that could value the company at $40 billion.
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Musk's xAI plans to raise $10 bn at $75 bn valuation: Report
Inshorts
·
5m ago
Medial
Elon Musk-led xAI is in talks to raise $10 billion in a funding round that could value the AI startup at around $75 billion, Bloomberg reported. Existing investors, including Sequoia Capital, Andreessen Horowitz and Valor Equity Partners are reportedly considering investing in the round. In December, the startup raised $6 billion at reportedly over $40 billion valuation.
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Nvidia in talks to invest in Musk's AI startup xAI: Reports
Inshorts
·
9m ago
Medial
Jensen Huang-led chipmaker Nvidia is planning to invest in Elon Musk's artificial intelligence startup xAI, reports said. xAI is planning to raise funds in a round which may see its valuation jump to $75 billion by January 2025, the reports added. This comes after xAI announced that it is building an AI supercomputer called 'Colossus'.
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