Elon Musk's artificial intelligence company, xAI Holdings, is in talks to raise up to $200 billion in new funding.
xAI recently raised $10 billion, split between debt and equity, and aims to raise another $10 billion in new funding.
The company's new AI model, Grok 4, is claimed to be 'smarter than almost all graduate students' and outperforms competitors on certain benchmarks.
Despite its advancements, xAI faced challenges including leadership changes and addressing inappropriate content on its platforms, while also reportedly burning through $1 billion monthly as it invests in AI development.