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Elon Musk’s XAI Holdings Is In Discussions To Raise $20 Billion

Announced in March, XAI Holdings was created from the combination of X, formerly Twitter, and Musk’s AI venture, xAI

<div class="paragraphs"><p>Announced in March, XAI Holdings was created from the combination of X, formerly Twitter, and Musk’s AI venture, xAI (Image source: Bloomberg)</p></div>
Announced in March, XAI Holdings was created from the combination of X, formerly Twitter, and Musk’s AI venture, xAI (Image source: Bloomberg)
Elon Musk’s XAI Holdings is in talks with investors to raise roughly $20 billion in funding for his newly combined artificial intelligence startup and social media business, according to people familiar with the matter. If completed, the prospective deal would be the second-largest startup funding round of all time, according to data provider PitchBook, trailing only OpenAI’s $40 billion financing earlier this year. The transaction w...
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