Sources: xAI is in the early stages of talks with investors to raise several billion dollars in a round that would value xAI at ~$40B, up from $24B in May 2024
Wall Street Journal
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Discussion
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@andrewcurran_
Andrew Curran
on x
The WSJ is reporting Elon is in talks for a new funding round to raise xAI's valuation from $24 billion to $40 billion. Elon has repeatedly denied previous rumors. [image]
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@sawyermerritt
Sawyer Merritt
on x
xAI last raised $6 billion at a $24 billion valuation just a handful of months ago. Its valuation is rising fast!
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@molloxx
Mol
on x
If you needed an reminder that we are in a bubble, it was valued at half of that some months ago and xAI has estimated Revenue of $90 million.