Saturday, 15 February, 2025

Elon Musk's xAI Seeks $10 Billion Funding, Targeting $75 Billion Valuation

Elon Musk's artificial intelligence startup, xAI, is in discussions to raise $10 billion, aiming to elevate its valuation to approximately $75 billion. This follows a previous $6 billion funding round that valued the company at $40 billion. Notable investors such as Sequoia Capital, Andreessen Horowitz, and Valor Equity Partners are expected to participate. Additionally, xAI is nearing a $5 billion deal with Dell Technologies for AI servers equipped with Nvidia GB200 chips.