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Elon Musk’s xAI Holdings Seeks $20 Billion Funding at $120 Billion Valuation
Elon Musk’s xAI Holdings Seeks $20 Billion Funding at $120 Billion Valuation
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Elon Musk’s artificial intelligence venture, xAI Holdings, is in advanced discussions to raise $20 billion from investors, potentially valuing the company at over $120 billion. The final funding amount may exceed initial targets as negotiations continue.
The move follows xAI’s recent acquisition of X in an all-stock deal that valued the AI startup at $80 billion and X at $33 billion. Musk has positioned the merger as a strategic play to combine resources and expertise across both entities.
Market observers note the funding round underscores growing institutional interest in AI infrastructure plays. While xAI declined to comment on the CNBC report, the proposed valuation would place it among the most valuable private tech companies globally.
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