According to Bloomberg, citing people familiar with the matter, Elon Musk's artificial intelligence company xAI will complete a round of financing in June, which could be valued at more than $24 billion. The company had originally planned to raise $6 billion this month. It is said that xAI aims to raise up to $6.50 billion in funding, and is expected to achieve this goal in the coming weeks.
Previously, xAI announced plans to open source its ChatGPT competitor Grok, powered in part by data from Musk's social media platform X (formerly Twitter).
xAI will complete a new round of financing at a valuation of $24 billion
2024-05-24 04:21:21
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