Friday, January 19, 2024

Elon Musk's AI company secures $500 million toward $1 billion funding goal: report

The artificial intelligence (AI) startup xAI is discussing a valuation of $15 billion to $20 billion, though terms could still change in the coming weeks, the report added, citing people familiar with the matter. Last December, Musk said his AI company was not raising funds, a day after the startup filed with the US securities regulator to raise up to $1 billion in an equity offering.

from Tech-Economic Times
via IFTTT

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