The X logo appears on a phone, and the XAI logo is displayed on a laptop on 1 April 2025 in Cracko, Poland.
Nurphoto | Nurphoto | Getty images
Elon Musk’s XAI holdings are discussing with investors to raise around $ 20 billion, Bloomberg News reported on Friday citing people familiar with the case.
According to the report, the funding will give the company a price of more than $ 120 billion.
Musk told David Faber of CNBC earlier this month that Musk wanted to hand over Zai “fair price”. The comment was made during a call with Xai investors, sources familiar to the case told Faber. At that time Tesla’s CEO did not clearly mention any upcoming funding round, but sources suggested that Xai was preparing for a adequate capital increase in the near future.
Bloomberg’s report states that the funding amount could be more than $ 20 billion as the exact figure was not fixed.
Artificial Intelligence Startup XAI did not immediately respond to the CNBC request for commenting out of American commercial hours.
AI firm last month Acquisition of X in an all-stock DEALi was priced at $ 80 billion and $ 33 billion on social media platforms.
“The futures of XAI and X are interconnected. Today, we officially take steps to combine data, models, calculations, distribution and talent,” Musk said on the X, announcing the deal. “This combination will unlock the immense capacity by combining the advanced AI capacity of XAI and specialization of XAI.”
Read full bloomberg story Here,
– CNBC’s Samantha Sabin contributed to this report.
