Elon Musk’s xAI People Reportedly in Talks to Raise $6 Billion Investment

by time news

2024-01-28 04:40:00

According to company executives, it appears that xAI people, led by Musk, have met with investors from around the world in recent weeks. It also appears that Musk aims to raise an amount of 6 billion dollars in order to bring xAI to a value of 20 billion dollars. It should be noted that currently negotiations are ongoing. Among others, Musk and his people also turned to sovereign capital funds from the Middle East, Japan and South Korea.

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This is not the first report on the round of recruitments that Musk is managing, but despite the documents that corroborated the information. So far Musk continues to deny the reports. Among other things, he posted on X (formerly Twitter): “xAI does not raise capital and I have not had conversations with anyone in this regard.” xAI, launched its first product the Grok chatbot, which was proven to be trained by information from X last December.
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