Categories: Business

Musk’s xAI in advanced talks to raise $15 billion, lifting valuation to $230 billion, WSJ reports

(Reuters) -Elon Musk’s artificial-intelligence company, xAI, is in advanced talks to raise $15 billion in new equity at a $230 billion valuation, the Wall Street Journal reported on Tuesday. The terms of the new fundraising were disclosed to investors by Musk’s wealth manager, Jared Birchall, on Tuesday night, the report added.   Reuters could not immediately verify the report. (Reporting by Rajveer Singh Pardesi in Bengaluru; Editing by Nivedita Bhattacharjee )

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Indianews Syndication

Recent Posts

US Treasury probes money transfer firms, banks amid Minnesota fraud scandal, Bessent says

By David Lawder LE SUEUR, Minnesota, Jan 9 (Reuters) - The U.S. Treasury Department's Financial…

2 hours ago

FCC approves SpaceX plan to deploy an additional 7,500 Starlink satellites

By David Shepardson WASHINGTON, Jan 9 (Reuters) - The Federal Communications Commission said on Friday…

3 hours ago

Hosts Morocco power into AFCON semis with 2-0 win over Cameroon

VIDEO SHOWS: POST MATCH PRESS CONFERENCE SOUNDBITES FROM MOROCCO COACH WALID REGRAGUI AND MAN OF…

4 hours ago

Ivory Coast and Egypt primed for AFCON showdown

VIDEO SHOWS: IVORY COAST & EGYPT TRAINING SESSIONS & COMMENTS AHEAD OF THEIR AFCON QUARTER-FINAL…

10 hours ago