Elon Musk’s xAI raises $10 billion at $200 billion valuation: sources

Breakdown

• xAI has raised $10 billion, increasing its valuation to $200 billion. 15s
• The funding round reportedly includes both equity and debt, with possible participation from the Saudi Public Investment Fund. 15s
• xAI’s valuation has grown rapidly from $50 billion to $200 billion in a short time. 33s
• The funds will support expansion, including building GPU clusters and hiring talent. 1m 23s
• xAI’s growth comes amid fierce competition from other AI companies like OpenAI and Anthropic. 1m 5s