CosmicTaco

Elon Musk's xAI Eyes $10B Funding Round

CosmicTaco · 2025-02-17T11:03:12.263205+05:30

- Elon Musk’s AI company, xAI, is in discussions to raise $10 billion, potentially valuing the company at $75 billion. - Existing investors like Sequoia Capital and Andreessen Horowitz are being approached, with funds possibly used for purchasing $5 billion worth of Dell servers. - The next version of Grok, xAI’s AI model, is expected to launch within weeks, enhancing features on Musk’s X social network. Source: [TechCrunch](https://techcrunch.com/2025/02/14/elon-musks-ai-company-xai-said-to-be-in-talks-to-raise-10b/)

Elon Musk’s AI company, xAI, is in discussions to raise $10 billion, potentially valuing the company at $75 billion.
Existing investors like Sequoia Capital and Andreessen Horowitz are being approached, with funds possibly used for purchasing $5 billion worth of Dell servers.
The next version of Grok, xAI’s AI model, is expected to launch within weeks, enhancing features on Musk’s X social network.

Source: TechCrunch