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Musk’s xAI...
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Bloomberg Quint

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Image Credit: Bloomberg Quint

Musk’s xAI Seeks Up To $200 Billion Valuation In New Funding

  • 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.

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