Elon Musk’s xAI Eyes Up to $200bn Valuation in New Funding Push, Backed by Saudi PIF and Wall Street Powerhouses

Elon Musk’s artificial intelligence company, xAI, is reportedly preparing to raise new funds in a deal that could catapult its valuation to as high as $200 billion, according to the Financial Times, citing sources close to the matter. The potential raise underscores growing investor confidence in Musk’s AI ambitions, coming just months after xAI’s multibillion-dollar [...]The post Elon Musk’s xAI Eyes Up to $200bn Valuation in New Funding Push, Backed by Saudi PIF and Wall Street Powerhouses appeared first on Tekedia.

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