Elon Musk’s xAI Startup Closes In on $6 Billion Fundraising
Apr 26, 2024 - bloomberg.com
Elon Musk's AI startup, X.AI Corp., is reportedly close to securing $6 billion in a funding round that would value the company at $18 billion. This information comes from an anonymous source familiar with the situation.
Sequoia Capital, along with other investors, will participate in the deal, according to the same source who wished to remain unidentified due to the private nature of the information.
Key takeaways:
Elon Musk's AI startup X.AI Corp. is close to securing a deal to raise $6 billion in funding.
The funding round would value the company at $18 billion.
Sequoia Capital is set to participate in the deal along with other investors.
The source of this information wished to remain anonymous due to the private nature of the information.
