Elon Musk’s AI company Xai is said to be in discussions to raise $10 billion

Xai, the AI ​​company of Elon Musk, is said to be in talks to raise $10 billion in a round that cherishes Xai for $75 billion.

Bloomberg reported on Friday According to CrunchBase, Xai canvases existing investors including Sequoia Capital, Andreessen Horowitz and Valor Equity Partners for the Round. Bloomberg also said debate is ongoing and the terms of the funding round could change.

As Xai tells us, a potential new injection of capital will come Weight to buy a server worth $5 billion from Dell To support the development of that AI technology Grok model. Grok is now increasingly enhanced with Elon Musk’s X social network, including a brief overview of trend discussions.

Grok’s next major version, Grok 3, is expected to be released in the coming weeks. Musk said in a live streamed appearance at this week’s Dubai Technology Conference.