Musk and investors reportedly 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 his artificial intelligence (AI) company, xAI, secured $500 million of a $1 billion goal from investors.
Musk responded to a user’s post on X (formerly Twitter), stating, “This is not accurate,” referring to a Bloomberg article.
According to sources cited by Bloomberg, 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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Source: https://cointelegraph.com/news/elon-musk-denies-500m-investment-in-xai-amid-valuation-talks