31 Oct, 2024
Musk seeks £5bn xAI funding at $45bn valuation
Elon MuskxAIFundraising0 Comments
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Mark Devlin
Mark Devlin2024-11-05 01:54:432024-11-05 01:56:49Musk seeks £5bn xAI funding at $45bn valuation
Musk’s xAI is in early talks with new and existing investors for fresh capital to compete with OpenAI and other AI competitors. Musk has reportedly approached investors in Qatar and Saudi Arabia, with a potential valuation of $45bn, as well as existing investors inclusing Sequoia Capital and Valor Equity Partners, which is expected to lead the round.