According to online reports, according to people familiar with the matter, Elon Musk's xAI Holdings is in talks with investors to raise approximately US$20 billion for its newly integrated artificial intelligence start-up and social media business. If the deal is concluded, it will become the second-largest startup funding round in history, second only to OpenAI's $40 billion financing earlier this year, according to data provider PitchBook. People familiar with the matter said that the scale of this round of financing may exceed US$20 billion, but the total amount has not yet been finalized and the terms may still change. This round of financing will make the company's valuation exceed US$120 billion. The current financing negotiations are still at an early stage, and the company aims to complete the financing in the next few months. XAI Holdings, announced in March this year, was formed by the merger of X Platform (formerly Twitter) and Musk's artificial intelligence company xAI. A person familiar with the matter said that part of the new funds may be used to repay debt incurred when Musk took Twitter private (later renamed X). This huge financing not only highlights investors 'enthusiasm for artificial intelligence companies, but also confirms Musk's status as a business giant and political influential figure. (Jin Shi)