<figure id="attachment_2778694" aria-describedby="caption-attachment-2778694" style="width: 1600px" class="wp-caption alignnone"><img loading="lazy" class="size-full wp-image-2778694" src="https://media.freemalaysiatoday.com/wp-content/uploads/2024/06/099a455b-twitter-x-socialmedia-appic-130224-1.webp" alt="" width="1600" height="1000" /><figcaption id="caption-attachment-2778694" class="wp-caption-text">xAI acquired X in a deal last month that valued the social media platform at US$33 billion. (AP pic)</figcaption></figure>
NEW YORK: Elon Musk&#8217;s xAI Holdings is in talks with investors to raise roughly US$20 billion in funding for his newly combined artificial intelligence start-up and social media business, Bloomberg News reported today, citing people familiar with the matter.
The transaction would value the company at more than US$120 billion, the report said, citing one of the people.
The amount in the round could be more than US$20 billion, the report said, adding that the total had not yet been decided, and terms could change.
xAI didn&#8217;t immediately respond to requests for comment.
xAI acquired X in a deal last month that valued the social media platform at US$33 billion and allowed the value of Musk&#8217;s AI firm to be shared with his co-investors in the company formerly known as Twitter.

MatchPoint Times

Musk’s xAI Holdings in talks to raise US$20bil from investors

Bloomberg News said the transaction would value the company at more than US$120 billion.

Arsenal aim to ‘make statement’ in PSG semi-final showdown

Pengaruh lemah Rafizi buka ruang pertandingan timbalan presiden PKR, kata penganalisis