Elon Musk's xAI in Advanced Talks Over 15 Billion USD Funding

Elon Musk's AI company xAI is reportedly in advanced negotiations for a capital increase of 15 billion USD. This would raise the company's valuation to around 230 billion USD. Like many other AI startups, xAI currently requires massive capital to further develop its flagship chatbot "Grok". Sudden Increase in Valuation The new valuation would represent a significant increase from the 113 billion USD that were discussed following the restructuring of the social media platform X in March. The terms of the new funding round were presented...