Musk's AI Startup xAI Seeks $1B Funding, Denies $500M Raised So Far
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Report says Musk's AI company xAI has secured $500M toward $1B funding goal, but Musk denies report is accurate
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xAI discussing valuation of $15B-$20B in current funding talks, per sources, though terms could still change
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Investors and xAI expected to finalize terms in next couple weeks
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Some investors evaluating if they can get computing power instead of or in addition to xAI equity
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Musk launched xAI last July to counter Big Tech AI efforts he feels have excessive censorship and inadequate safety measures