Musk Seeks $6B Investment for xAI
Elon Musk is on a mission to attract $6 billion in funding for his AI-focused company, xAI, setting his sights on a valuation of $20 billion. This move would position xAI as a formidable rival to OpenAI, renowned for its ChatGPT app.
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Elon Musk is on a mission to attract $6 billion in funding for his AI-focused company, xAI, setting his sights on a valuation of $20 billion. This move would position xAI as a formidable rival to OpenAI, renowned for its ChatGPT app.
The billionaire is largely targeting overseas investors from Hong Kong, Japan, and South Korea. However, these discussions have not yet led to any definitive agreements, with investors showing reluctance to pour such large sums into the venture. This comes despite Musk's previous denials of such fundraising plan
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