Sources: xAI is in talks with investors to raise several billion dollars in a funding round that would value it around $40B; xAI was valued at $24B in May (Wall Street Journal)

Elon Musk’s xAI is currently in discussions with investors to secure several billion dollars in funding, which would value the startup at around $40 billion. This new fundraising round would mark a significant increase from xAI’s previous valuation of $24 billion back in May, showcasing the company’s rapid growth and investor interest. Wall Street Journal sources have confirmed that negotiations are underway with potential investors to support xAI’s expansion plans.

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