Investors in talks to pour $3 billion into Elon Musk's AI startup xAI in new funding round that could value it at $180 billion

Investors are in talks to help Elon Musk's artificial intelligence (AI) startup xAI raise $3 billion in a new funding round that would value the company at $180 billion, according to a report on April 7 by a foreign media outlet. Key Players Venture capital firms Gigafund and Steve Jurvetson are reportedly among the backers considering participating in the funding round

Investors are in talks to help Elon Musk's artificial intelligence (AI) startup xAI raise $3 billion in a new funding round that would value the company at $180 billion, according to a report on April 7 by a foreign media outlet.

Key Players

Venture capital firms Gigafund and Steve Jurvetson are reportedly among the backers considering participating in the funding round.

Notably, both Gigafund and Jurvetson have previously invested in companies such as Tesla, SpaceX, the Boring Company, and Neuralink, giving them a close relationship with Musk.

Funding Details

The terms of xAI's fundraising are still being finalized, and the plans could change. The report noted, however, that the current fundraising discussions are said to be in advanced stages.

Musk's Comments

Earlier this year, Musk said he was not in talks with investors about raising funding, following media reports suggesting xAI was seeking as much as $6 billion.

About xAI

xAI is a startup that develops advanced AI technologies. The company was founded in 2015 by Musk and former OpenAI co-founder Greg Brockman.

xAI's goal is to build general-purpose AI systems that can solve complex problems. The company conducts research in various areas, including natural language processing, computer vision, and reinforcement learning.

Implications for the AI Industry

If successful, xAI's $3 billion fundraising round would be one of the largest ever in the AI industry. The funding would allow xAI to accelerate its research and development efforts and has the potential to significantly impact the field of AI.

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