04:15
Sources: xAI plans to raise $15 billion, with a valuation reaching $230 billion.
Elon Musk's artificial intelligence company xAI is raising $1.5 billion at a valuation of $230 billion, significantly up from its valuation in March. Sources say that Musk's wealth manager has disclosed the financing terms. Musk has expressed skepticism about the related reports on social media, indicating external interest in his financing plans.
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