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Elon Musk's AI Company xAI in Talks for $10 Billion Funding Round

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18 hours ago

Summary

elon musk's ai company, xai, is in talks to raise $10 billion in a funding round that would value the company at $75 billion. this comes as xai weighs buying more than $5 billion worth of servers from dell to support the development of its ai technologies.

Key Points

xai would bring total raised to $22.4 billion with new funding
new injection of capital supports development of ai technologies, including grok models
grok powers features on elon musk's x social network

Why It Matters

the potential new injection of capital could accelerate the development and deployment of xai's ai technologies.

Author

Kyle Wiggers

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