In a post on X Friday, Musk said, “xAI is not seeking funding right now. We have plenty of capital.” Representatives for xAI did not immediately respond to requests for comment.
XAI Holdings, Elon Musk’s artificial intelligence and social media company, is in talks to raise more money at a valuation of as much as US$200 billion, according to a person familiar with the matter.
The company recently raised US$10 billion, split evenly between debt and equity. Now, it’s moving to raise another US$10 billion, said the person, who asked not to be identified discussing private information.
