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Elon Musk's xAI in Talks to Raise $10 Billion at $75 Billion Valuation with Sequoia, Andreessen Horowitz, Valor
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13 hours ago
Elon Musk's artificial intelligence startup, xAI, is in discussions to raise approximately $10 billion, aiming for a valuation of about $75 billion, according to Bloomberg News. Existing investors such as Sequoia Capital, Andreessen Horowitz, and Valor Equity Partners are considering participating in the funding round. xAI, less than two years old, aims to expand its presence in the AI industry by increasing its data center capacity. The startup's last valuation was around $51 billion as per PitchBook data.
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