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    Musk’s xAI is reportedly raising $10 billion in funding at a $200 billion valuation

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    By Tj Denzer

    Copyright shacknews

    Musk's xAI is reportedly raising $10 billion in funding at a $200 billion valuation

    It would appear that Elon Musk’s artificial intelligence company, xAI, is making a notable push to increase its funds and valuation. The company is reportedly asking investors for up to $10 billion dollars in a funding round that values the company at $200 billion. It comes just a few months after Twitter/X was folded into the xAI company, and a few weeks after Musk raised $10 billion in debt and equity to push xAI’s valuation to $150 billion.

    Word of xAI’s latest round of funding came via anonymous sources, as reported by CNBC. According to those sources, xAI is looking for $10 billion from investors to support the company’s development of Grok, AI datacenters, and other AI tech pursuits. It comes after several other companies, including Anthropic and OpenAI, have just finished their own funding rounds. It also follows the xAI acquisition of Twitter/X earlier this year.

    The xAI company has faced controversy for various safety and content concerns related to its products and business. There was a stint where the company’s chatbot, Grok, fell into a pattern of bringing up “white genocide” in unrelated conversations, as well as praising Adolf Hitler. Meanwhile, the company has also faced legal issues, such as challenges over its data center permits in relation to their effects on air pollution and an FTC probe over child safety related to Grok.

    Nonetheless, Musk is pushing aggressively to grow xAI’s presence in the bustling AI market. As we await further details on this latest investment round, stay tuned to the xAI topic for more news and updates.

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