Elon Musk’s fledgling AI startup X.AI Corp. is wanting to increase $3 billion to $4 billion in a deal that may worth the corporate at $18 billion, in accordance to supplies despatched to traders.
Emails in regards to the potential financing, together with a roughly 20-page pitch deck, are circulating amongst Silicon Valley’s enterprise investing neighborhood, in accordance to an individual who acquired one. Individuals shut to Musk have have had conversations inside their very own networks to gauge curiosity in taking part within the deal, stated the particular person, who requested not to be recognized discussing personal info.
Elon Musk’s xAI Looks to Raise Up to $4 Billion to Compete With OpenAI www.bloomberg.com 2024-04-12 20:28:06
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