Elon Musk Responds to XAI Raising $10 Billion at a $200 Billion Valuation: Fake News, XAI Has Not Raised Any Funds Yet

BlockBeats News, September 20th, Musk responded to reports that XAI, valued at $200 billion, raised $10 billion: "This is fake news. XAI currently has not raised any funds."

Earlier, CNBC reported that sources revealed Elon Musk's artificial intelligence startup xAI is raising $10 billion from investors, with this funding round valuing the company at $200 billion. This once again reflects the trend of soaring valuations for companies developing foundational artificial intelligence models. Earlier this month, Anthropic raised $13 billion, valuing it at $183 billion. The industry's largest company, OpenAI, achieved a valuation of $500 billion through a secondary stock sale. It is reported that this financing round took place after Musk raised $10 billion a few weeks ago through debt and equity financing, at which time the market believed xAI was valued at around $150 billion. (Jinshi)