Musk's xAI Project to Raise $10 Billion in Funding, Valuation Could Reach $75 Billion

BlockBeats News, February 15th. According to Bloomberg, Elon Musk's company xAI is in talks for a $10 billion funding round, with a potential valuation of up to $75 billion. Existing investors such as Sequoia Capital, Andreessen Horowitz, and Valor Equity Partners are participating in the discussions. If the funding is successful, xAI's total funding will reach $22.4 billion.

xAI plans to use part of the funds to purchase Dell servers worth over $5 billion to support Grok AI model development. Grok 3 is expected to be released in the coming weeks and will be further integrated into Musk's social platform X. The funding terms are still being negotiated and may be subject to adjustments.