Musk's xAI considers raising $10 billion at a $75 billion valuation
According to online reports, according to people familiar with the matter, Elon Musk's artificial intelligence company xAI plans to make a new round of financing of approximately US$10 billion at a valuation of approximately US$75 billion. Existing investors, including Sequoia Capital, Andreessen Horowitz and Valor Equity Partners, are in talks to participate in the financing, people familiar with the matter said. The terms of this round of financing have not yet been finalized and may still change.
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