Elon Musk's xAI Holdings in talks to raise $20 billion, Bloomberg News reports
Publishing timestamp: 2025-04-26 04:37:39
Summary
Elon Musk's xAI Holdings is in discussions with investors to raise about $20 billion, which would value the company at over $120 billion. Musk is looking to assign "proper value" to xAI. The funding amount could be more than $20 billion as the exact figure has not been decided. Musk's AI firm recently acquired X in an all-stock deal.
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Keywords: breaking news: technology, business news, elon musk, technology,
Source: https://www.cnbc.com/2025/04/26/elon-musks-xai-holdings-in-talks-to-raise-20-billion.html