Elon Musk's xAI Holdings in talks to raise $20 billion, Bloomberg News reports

XAI Holdings, Elon Musk's AI company that he recently merged with social media platform X, is in talks with investors to raise approximately $20 billion. This is reported by the Bloomberg news agency based on insiders.

Musk's xAI Holdings is reportedly raising the second-largest private funding round ever

Elon Musk's xAI Holdings is in talks to raise $20 billion in fresh funding, potentially valuing the AI and social media combo at over $120 billion,

Elon Musk's xAI Holdings nears record $20 billion fundraise, second only to OpenAI

Elon Musk's AI venture, called xAI, is looking to boost its funding by around $20 billion. According to a report by Bloomberg, the fresh round of funding might be allocated towards reducing the debt Elon Musk incurred during his takeover of Twitter, which he later rebranded as X after taking the company private.

Elon Musk's xAI Holdings in talks to raise $20 billion, Bloomberg News reports

The funding would value the company at over $120 billion, according to the Bloomberg report.

Elon Musk's XAI Holdings in talks to raise $20 billion from investors, B

Elon Musk's XAI Holdings is in talks with investors to raise roughly $20 billion in funding for his newly comb

Elon Musk’s XAI Holdings Is in Discussions to Raise $20 Billion

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.