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Musk's xAI in talks to raise funds at $40 bn valuation: Report
short by Debaroti Adhikary / on Wednesday, 30 October, 2024
Elon Musk's xAI is in talks for a funding round which could value the AI startup at around $40 billion, Wall Street Journal reported. The firm's valuation will then double from the $24 billion valuation it had after Series B funding round in May. Musk had launched xAI in July 2023 as an alternative to OpenAI's ChatGPT.
read more at Reuters