Elon Musk's xAI approaches $24B value with new funding round

Elon Musk‘s artificial intelligence company, xAI, is expected to complete a funding round in June, potentially valuing it at more than $24 billion, Bloomberg reports. The company aimed to finalize a $6 billion financing earlier this month, but the completion of this deal, which started last year, has yet to occur. The xAI funding round includes contributions from investors like Andreessen Horowitz and Sequoia Capital, as mentioned in a recent company blog post. According to a statement from Musk on X, the company’s valuation before this round was $18 billion. Apologies for my typo, pre-money was $18B — Elon Musk (@elonmusk) May 27, 20......

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