Elon Musk's xAI Seeks $40B Valuation Funding

• Elon Musk’s xAI is in early talks for new funding at a $40 billion valuation.
• The startup previously raised $6 billion in May, reaching a $24 billion valuation.
• Musk aims to double xAI’s compute access, enhancing its AI capabilities.
• xAI competes with OpenAI, valued at $157 billion.
• The funding round could still change or fall apart, sources say.

Source: Hindustan Times, Mint, Ndtv