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xAI's Valuation Soars to $230 Billion as Elon Musk Eyes $15 Billion Funding Round

xAI
International Business Times Fews App News Provider
Fews App Post Time 1d ago

A photo taken on March 11, 2024 shows the logo of US online social media and social networking service X - formerly Twitter - on a smartphone screen in Frankfurt am Main, western Germany. Elon Musk's artificial-intelligence startup, xAI, is reportedly in advanced talks to raise $15 billion in fresh funding, bringing the company's valuation to an eye-popping $230 billion, according to the Wall Street Journal. The fundraising details were shared with investors by Musk's wealth manager, Jared Birchall, on Tuesday night.

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