News list for " $44 billion"

Elon Musk has offered a 25 per cent stake in xAI, founded last year to compete with the likes of OpenAI and Anthropic, to investors backing his $44 billion acquisition of Twitter, now known as X. XAI is set to close a new $5 billion round of funding as early as Wednesday, according to people familiar with the matter. Its valuation has doubled to $50 billion in just six months. By the end of this week's funding round, xAI will have raised about $11 billion in total for the huge outlay needed to b...

2024-11-27 05:12:19