CosmicTaco

Elon Musk's xAI Seeks $40B Valuation Funding

CosmicTaco · 2024-10-30T10:52:54.919223+05:30

- **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](https://www.hindustantimes.com/business/elon-musk-s-xai-seeks-40-billion-valuation-in-new-funding-round-101730258629628.html), [Mint](https://www.livemint.com/news/world/musks-xai-seeks-40-billion-valuation-in-new-funding-round-11730225312013.html), [Ndtv](https://www.ndtv.com/world-news/elon-musks-xai-aims-for-40-billion-valuation-as-grok-challenges-openai-wsj-report-6903067)

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.