Musk’s xAI seeks up to $200 billion valuation in next funding round: Report

Elon Musk’s xAI is preparing to raise more money from investors in a deal that could value the artificial-intelligence company between $170 billion and $200 billion, the Financial Times reported on Friday, citing people close to the discussions.

The talks were preliminary and the details could change, the report said.

“XAI is not seeking funding right now. We have plenty of capital,” Musk posted on X after the FT report.

PIF did not immediately respond to a Reuters request for comment.

Morgan Stanley said in late June that xAI had completed a $5 billion…