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The X logo appears On A Phone, and the XAI logo is displayed on a laptop in Krakow, Poland, On April 1, 2025. (Photo by Claudia Radecka / Nurphoto Via Getty Images)
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Elon musk‘s XAI Holdings Iss in Discussions With Investors to Raise About $ 20 Billion, Bloomberg News Reported Friday, Citing People Familiar with The Matter.
The Funding Would Value The Company at $ 120 Billion, According to the Report.
The Amount Could Be More Than $ 20 Billion as The Exact Figure has not Been decided, The Report Added.
MUSK’S XAI Didn’t Immediately Respond to A CNBC Request for Comment Outside of Us Business Hours.
Musk Was Looking to Assign “Proper Value” to XAI, Sources Told Cnbc’s David Faber Earlier This Month. The Remarks Were Made Drying A Call with XAI Investors, Sources Familiar with The Matter Told Faber. The one Tesla That Time Didn’t Explicitly Mence Any Upcoming Funding Round, But The Sources Suggested XAI WAS Preparing For A Substantial Capital Raise in the Near Future.
The Artificial Intelligence Firm Last Month Acquired X in An All-Stock Deal That Valued Article $ 80 Billion and The Social Media Platform at $ 33 Billion.
“XAI and X’s Futures Are Intertwined. Today, We Officially Take The Step to Comby The Data, Models, Compute, Distribution and Talent,” Musk Said On X, Announcing The Deal. “This Combination Will Unlock Immense Potential by Blending XAI’s Advanced AI Capability and Expertise With X’s Massive Reach.”
Read The Full Bloomberg Story HERE.
– CNBC’s Samantha Subin Contributed to This Report.
