Elon Musk denies $500m investment in xAI amid valuation talks
As per Bloomberg, Musk and investors plan to settle terms in the coming weeks, with ongoing discussions about the possibility of obtaining computing power alongside or instead of xAI equity shares.
Elon Musk has denied the accuracy of a report claiming xAI, his artificial intelligence (AI) company, secured $500 million from investors toward a $1 billion goal.
Musk responded to a user’s post on X (formerly Twitter), stating, “This is not accurate,” regarding the Bloomberg article
According to sources cited by Bloomberg, the AI startup xAI is in talks about a valuation ranging from $15 billion to $20 billion, with potential adjustments in the coming weeks.
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