Company press releases, news media

Elon Musk’s xAI Nears $24 Billion Valuation with $6.5 Billion Funding Round

May 24, 2024, 01:06 AM

Elon Musk's generative AI startup, xAI, is nearing the completion of a funding round that will value the company at over $24 billion. The funding round, reported by Financial Times, is expected to close next month and aims to raise up to $6.5 billion. This significant valuation underscores the growing interest and investment in artificial intelligence technologies.