xAI poised for funding surge as Musk seeks “proper value” for AI startup: report

xAI poised for funding surge as Musk seeks “proper value” for AI startup: report

During a recent investor call, Elon Musk reportedly hinted at a major valuation adjustment for his artificial intelligence startup, with the Tesla and SpaceX CEO stating that he was looking to put a “proper value” on xAI. The report was initially shared by CNBC’s David Faber during a segment on the Faber Report. Investor Call Sparks Speculation Citing sources who were reportedly involved in the call, Faber noted that while Musk did not specifica…

Faber Report: Elon Musk held call with current xAI investors, sources say

David Faber breaks down exclusive reporting about Elon Musk's involvement with xAI, potentially new fundings rounds, and more.

Still more capabilities IA. Elon Musk would be looking for funds to help xAI acquire a Colossus 2 supercomputer armed with a million GPU and bring to a valuation of more than $150 billion.

The start-up of artificial intelligence by Elon Musk, xAI, could be preparing a new fundraiser, according to TechinAsia. The information would have been mentioned in a recent exchange with investors, even if no specific details on a possible round-table were confirmed at this stage. During this meeting, xAI would also have referred to a recurring revenue target exceeding one billion dollars, a sign of high business ambitions for the young compan…

Musk Aims to Establish ‘Proper Value’ for xAI in Upcoming Investor Call

Elon Musk is focusing on establishing a “proper value” for his artificial intelligence startup, xAI, during an upcoming investor call. Founded in July 2023, xAI aims to “understand the true nature of the universe,” according to Musk. Needless to say, the startup has quickly established itself as a leader in the still-fresh AI scene. It rolled out its chatbot, Grok, last year to much fanfare. Grok was designed with two months of training and real…

Tesla CEO Elon Musk Confirms Time Spent With DOGE Will Drop ‘significantly’

During a recent investor call, Elon Musk reportedly hinted at a major valuation adjustment for his artificial intelligence startup, with the Tesla and SpaceX CEO stating that he was looking to put a “proper value” on xAI. The report was initially shared by CNBC’s David Faber during a segment on the Faber Report. Investor Call Sparks Speculation Citing sources who were reportedly involved in the call, Faber noted that while Musk did not specifica…