Elon Musk Denies $15 Billion xAI Fundraising Rumors Amid Tesla Connections
Elon Musk swiftly dismissed reports claiming his artificial intelligence venture, xAI, secured $15 billion in funding. The rumor, initially circulated by unnamed sources and amplified by CNBC, suggested the round WOULD supplement a previously reported $10 billion raise—potentially valuing xAI at $200 billion. Musk labeled the claims "false" on X without elaboration, leaving industry observers to speculate.
The alleged funding was purportedly earmarked for GPU acquisitions to fuel xAI's compute-intensive algorithms, mirroring strategies by rivals like OpenAI and Anthropic. xAI's deep ties to Tesla remain a focal point, with operational overlaps and shared infrastructure drawing scrutiny. The AI startup's trajectory is further complicated by internal power dynamics and unresolved controversies, including its Memphis operations.
