<ul data-eligibleForWebStory="false"><li>xAI Holdings Corp. is reportedly in talks to raise new capital at a valuation of $170 billion to $200 billion, with Saudi Arabia’s PIF sovereign wealth fund expected to have a significant role in the investment.</li><li>The company raised a $5 billion funding round earlier this month and introduced a new flagship large language model called Grok 4 that set records across various AI benchmarks.</li><li>xAI plans to spend $18 billion on expanding its compute infrastructure, aiming to increase the number of graphics cards in its supercomputer named Colossus.</li><li>The company expects to generate $500 million in revenue this year and anticipates annual sales to reach $19 billion by 2029, with plans to launch new products like versions of the Grok 4 model optimized for video generation and coding tasks.</li></ul>

xAI reportedly raising new funding at up to $200B valuation

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