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Elon Musk's xAI Eyes New Funding at $40 Billion Valuation as AI Race Intensifies

OutlookIndia · 4m

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.