Musk’s xAI Holdings is reportedly raising the second-largest private funding round ever

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Elon Musk’s xAI Holdings is in talks to raise $20 billion in fresh funding, potentially valuing the AI and social media combo at over $120 billion, according to a new Bloomberg report that says talks are in the “early stages.” If successful, the deal would constitute the the second-largest startup funding round ever, behind only OpenAI’s $40 billion raise last month.

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