Summary:
XAI Holdings aims to raise $20 billion in funding.
This funding round could become the second-largest in history.
The deal would value the company at over $120 billion.
It follows OpenAI's record $40 billion financing earlier this year.
Elon Musk’s Ambitious Venture
Elon Musk’s XAI Holdings is currently in discussions with investors to secure approximately $20 billion in funding. This funding is intended for his newly merged artificial intelligence startup and social media business, as reported by sources familiar with the negotiations.
A Record-Breaking Funding Round
If this deal comes to fruition, it would mark the second-largest startup funding round in history, only surpassed by OpenAI’s remarkable $40 billion financing earlier this year. The anticipated transaction could potentially assign a valuation of over $120 billion to Musk's company, according to insiders who requested anonymity due to the private nature of the discussions.
Comments