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Source: The xAI project aims to raise $15 billion with a valuation of $230 billion
BlockBeats News, November 19, according to The Wall Street Journal, sources revealed that Musk's AI company xAI is in deep negotiations, planning to raise $15 billion at a valuation of $230 billion. This valuation represents a significant leap from the $113 billion valuation disclosed when it merged with Musk's social platform X in March of this year.
Sources said that Musk's private wealth manager, Jared Birchall, disclosed the financing terms to investors on Tuesday evening. It is currently unclear whether this valuation is pre-money or post-money. CNBC reported on xAI's financing plans last week. After this report was published, Musk replied to a user's post on X about the news with "fake," sparking speculation. It is reported that after concluding government affairs in the United States, Musk has shifted his focus to xAI, dedicating himself to making it a key player in the global AI field. (Golden Finance)
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