Musk’s xAI Seeks $113bn Valuation as Morgan Stanley Shops $5bn Debt Package

Elon Musk’s artificial intelligence venture xAI is seeking a staggering $113 billion valuation in a share sale worth $300 million, according to reports on Monday. The development underscores the breakneck pace at which xAI is growing, just two years since its founding, and comes amid a flurry of financial engineering designed to consolidate its role [...]The post Musk’s xAI Seeks $113bn Valuation as Morgan Stanley Shops $5bn Debt Package appeared first on Tekedia.

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