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Elon Musk’s AI company, xAI, said to be in talks to raise $10B

TechCrunch LogoTechCrunch1w ago

Elon Musk’s AI company, xAI, said to be in talks to raise $10B - TechCrunch

Quick Summary:

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.

The next major version of Grok, Grok 3, is set to be released in the next several weeks, Musk said in a livestreamed appearance at a Dubai technology conference this week.

Bloomberg also noted that discussions are ongoing and that the terms of the fundraising round may change.

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Article Details

Author / Journalist: Kyle Wiggers

Category: StartupsBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-14 @ 19:54:01 (1 weeks ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 161 words

Reading Time: 1 minutes read

Sentences: 6 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 26281191

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