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Elon Musk’s AI company, xAI, said to be in talks to raise $10B
Elon Musk's AI company, xAI, is said to be in talks to raise $10 billion in a round that would value xAI at $75 billion.
Bloomberg reported Friday that xAI is canvassing existing investors, including Sequoia Capital, Andreessen Horowitz, and Valor Equity Partners for the round, which would bring xAI’s total raised to $22.4 billion, according to Crunchbase. Bloomberg also noted that discussions are ongoing and that the terms of the fundraising round may change. TechCrunch Space Every Monday, gets you up to speed on the latest advances in aerospace.
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