Home ยป Elon Musk’s xAI Sparks Rumors as Investor Negotiations Blitz Raises Another Whopping $6 Billion

Elon Musk’s xAI Sparks Rumors as Investor Negotiations Blitz Raises Another Whopping $6 Billion

According to the Financial Times, Elon Musk’s xAI company is seeking to raise a whopping $6 billion in funding, surpassing the company’s valuation of $20 billion. This move is aimed at competing with other AI companies such as OpenAI, Microsoft, Google, and Anthropic, all of which possess substantial resources.

Reports suggest that investors from various regions, including Hong Kong, Japan, South Korea, and the Middle East, have engaged in discussions with xAI. Morgan Stanley, a prominent bank, has been instrumental in facilitating negotiations between the investors and the company. It is worth noting that Morgan Stanley has previously collaborated with Elon in the acquisition of Twitter.

TLDR: Elon Musk’s xAI is seeking to raise $6 billion in funding to compete with other AI giants like OpenAI, Microsoft, Google, and Anthropic. Investors from different regions and Morgan Stanley are involved in the discussions. Previously, Morgan Stanley collaborated with Elon in the acquisition of Twitter.

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