Elon Musk's xAI in Talks for $40 Billion Valuation, Up from $24 Billion After $6 Billion Raised, Plans 100,000 GPUs

Oct 29, 2024, 04:52 PM

Elon Musk's artificial intelligence startup, xAI, is reportedly in discussions to raise funding that would value the company at $40 billion, according to a report from The Wall Street Journal. This valuation marks a significant increase from the $24 billion valuation xAI reached after raising $6 billion in a previous funding round earlier this year. The new funding aims to enhance xAI's AI infrastructure, which has been expanding rapidly. The company has been actively investing in hardware, including a recent purchase of 100,000 Hopper GPUs from Nvidia, indicating its aggressive growth strategy in the competitive AI landscape.