Important points
- Elon Musk has denied recent rumors that his AI startup, xAI, has secured $15 billion in new funding.
- xAI has already completed a funding round in 2024 to accelerate AI development.
Share this article
Elon Musk on Thursday denied as “false” reports that his AI startup, xAI, is raising new funding. The company is said to have secured $15 billion in funding, giving it a total valuation of about $200 billion.
xAI completed a funding round in 2024 as part of its efforts to strengthen its AI development capabilities. The startup is expanding its funding plan beyond initial expectations, incorporating equity investment from key technology partners.
