Elon Musk's xAI Holdings is reportedly in preliminary discussions to secure $20 billion in new funding, which could elevate its valuation to over $120 billion. This funding round, if finalized, would mark the second-largest in startup history, following OpenAI's recent $40 billion raise. The influx of capital could help alleviate xAI's significant debt burden, currently estimated at $200 million per month in interest payments. Furthermore, seasoned investors who have backed Musk's previous ventures are expected to support this funding effort, underscoring the ongoing investor confidence in AI technology.
Elon Musk's xAI Holdings is negotiating to raise $20 billion, potentially valuing the company at over $120 billion, signaling strong investor interest in AI.
If successful, this funding round would become the second-largest ever, trailing OpenAI's recent $40 billion raise, highlighting the ongoing investment attractiveness in AI.
The substantial funding from xAI could alleviate its considerable debt, which currently forces the company to pay $200 million monthly in interest.
Key investors in Musk’s ventures, like Antonio Gracias and Luke Nosek, are expected to participate again, demonstrating Musk’s strong ties with loyal financial backers.
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