xAI Reportedly Secures $10 Billion Funding, Pushing Valuation To $200 Billion
Synopsis
The funding follows reports in July that xAI was in talks to raise fresh capital at a similar valuation.
Elon Musk’s artificial intelligence startup, xAI, has secured $10 billion in new funding, valuing the company at approximately $200 billion, according to a report by CNBC that cited sources.
The deal follows reports in July that xAI was in talks to raise fresh capital at a similar valuation. At that time, the company had already raised $10 billion, split evenly between debt and equity at a valuation of around $150 billion. xAI was waiting to launch its additional fundraising until after unveiling Grok 4, its latest AI model, a person familiar with the matter told Bloomberg at the time.
Get updates to this developing story <directly on Stocktwits.<
Read also: Tim Cook Reportedly Says Apple Watch Could Alert 1 Million Users to Hypertension This Year
For updates and corrections, email newsroom[at]stocktwits[dot]com.<
Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business.