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What will xAI's valuation be after the next funding round by March 31, 2025?
3
Resolution / Starting Odds
Less than $30 billion • 25%
$30 billion to $39.9 billion • 25%
$40 billion to $49.9 billion • 25%
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Official press releases from xAI or credible financial news sources like The Wall Street Journal
Story
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.
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