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Thehindubusinessline

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Musk’s xAI Nears Funding at $18 Billion Value Soon as This Week

Elon Musk's AI startup X.AI Corp. is reportedly finalizing a funding round with a valuation of around $18 billion. The exact size of the round remains to be determined, with participants including Sequoia Capital. The funding is being marketed using a pitch deck that highlights Musk's success with Tesla and SpaceX, along with the advantage of being able to leverage data from Musk's social network, X. X.AI aims to compete in the AI chatbot space with other well-established companies like OpenAI.

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