Musk's xAI Nears Funding at $18 Billion Value Soon As This Week [Yahoo! Finance]
Tesla, Inc. (TSLA)
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Source: Yahoo! Finance
Most Read from Bloomberg Americans Are Racking Up ‘Phantom Debt' That Wall Street Can't Track Microsoft's Xbox Is Planning More Cuts After Studio Closings Stormy Daniels Will Return to Court in Test of Trump's Demeanor Trump Judge Indefinitely Postpones Documents Case Trial The size of the round hasn't been finalized, the people said, asking not to be identified as the information isn't public. The maker of AI chatbot assistant Grok was set to raise $6 billion in the round, whose participants include Sequoia Capital, Bloomberg News has reported. Deliberations are ongoing and details such as the valuation and timing could still change, the people said. Representatives for Musk's social network X, formerly known as Twitter, didn't immediately respond to requests for comment. The funding round for the OpenAI rival was being marketed via a pitch deck highlighting potential selling points for investors, touting Musk's track record at Tesla Inc. and SpaceX, and noting that xA
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