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 )

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