xAI will complete a new round of financing at a valuation of 24 billion US dollars
According to insiders cited by Bloomberg, Elon Musk's artificial intelligence company xAI is set to complete a round of financing in June, with a potential valuation exceeding $24 billion after the funding. The company originally planned to raise $6 billion this month. It is said that xAI aims to raise up to $6.5 billion and hopes to achieve this goal within the next few weeks. Previously, xAI announced plans to open source its ChatGPT competitor Grok, which is partially supported by data from Musk's social media platform X (formerly Twitter).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Brent crude oil rises above $102 per barrel, up 3.7% in 24 hours
Market Chatter: Stellantis Extends Windsor Assembly Plant Shutdown Amid Macro Concerns
Europe’s largest asset manager Amundi tokenizes equity index fund on Ethereum
Crypto prices
More
