Elon Musk’s AI company AI, Xai, is said to have talked to raise $ 10 billion in a round that would estimate Xai at $ 75 billion.
Bloomberg reported on Friday That XAI can take into account existing investors, including Sequoia Capital, Andreessen Horowitz, and Valor Equity Partners for the round, which would bring Xai’s total raised to $ 22.4 billion, according to Crunchbase. Bloomberg also noted that discussions continue and that the terms of the fundraising circle may change.
The possible new injection of capital comes as XAI reportedly Weighs by buying more than $ 5 billion of servers from Dell to support the development of its AI technologies, including its GROK Models. Grok power a growing number of functions in Elon Musk’s X -social network, including summaries of trend discussions.
The next major version of Grok, Grok 3, will be released in the next several weeks, Musk said in a living appearance in Dubai Technology Conference this week.
