Elon Musk’s xAI Set to Raise $20 Billion, Eyeing Major AI Government Contracts
xAI is negotiating a $20 billion funding round, which could increase its valuation to $120 billion and solidify Musk's influence in the AI field. Despite challenges with debt from the acquisition of Twitter, investor interest remains high, and xAI is positioned for significant growth in both AI and social media sectors.
