AI
Elon Musk’s xAI in talks to raise $10 billion at $75 billion valuation
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Elon Musk‘s xAI is discussing to raise $10 billion that could value the artificial intelligence startup at about $75 billion, Bloomberg News reported on Friday, citing a person familiar with the matter.
Existing investors, including Sequoia Capital, Andreessen Horowitz and Valor Equity Partners are in talks to participate in the deal, the report said.
xAI, Valor Equity Partners, Sequoia Capital and Andreessen Horowitz did not immediately respond to Reuters’ requests for comment.
The billionaire’s startup is looking to increase its footprint in the AI…
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