BlockBeats news, on November 19, according to The Wall Street Journal, sources revealed that Musk's artificial intelligence company xAI is in deep negotiations to raise $15 billion at a valuation of $230 billion. This valuation represents a significant jump from the $113 billion valuation disclosed during its merger with Musk's social platform X in March this year. Sources say that Musk's private wealth manager Jared Birchall disclosed the financing terms to investors on Tuesday evening. It is still unclear whether this valuation is pre-money or post-money. CNBC reported on xAI's financing plans last week. After the report was published, Musk responded “fake” to a user's post about the news on X, sparking speculation. It has been reported that after ending collaborations with the U.S. government, Musk has shifted his primary focus to xAI, making every effort to establish it as a core player in the global AI space. (Jin10)
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