Musk’s xAI Nears Funding at $18 Billion Value Soon As This Week
- Size of funding round for OpenAI rival yet to be finalized
- Sequoia among potential investors, Bloomberg has reported
Elon Musk
Photographer: Apu Gomes/Getty Images
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Elon Musk’s artificial intelligence startup X.AI Corp. is set to close its funding round at a valuation of about $18 billion as soon as this week, according to people familiar with the matter.
The size of the round hasn’t been finalized, the people said, asking not to be identified as the information isn’t public. The maker of AI chatbot assistant Grok was set to raise $6 billion in the round, whose participants include Sequoia Capital, Bloomberg News has reported.