Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
TESLA CEO Elon Musk attends the cabinet meeting at the White House in Washington, Colombia District, April 10, 2025.
Nathan Howard | Reuters
Elon Musk Looking for “proper value” for its artificial intelligence XAI XAI, David Faber CNBC sources said.
The comments came during the call with XAI Investors last week, Faber said sources familiar with this issue. As Tesla The CEO did not clearly address the future round of financing, sources interpreted as a sign that XAI is created for a significant increase in capital soon.
CNBC was unable to confirm that the company is actively looking at the increase.
Raising will mean another significant milestone for Xai Just a few months after the CNBC reported, the company raised up to $ 6 billion while estimates $ 50 billion to buy Nvidia 100,000 chips. Financing was reportedly a combination of $ 5 billion from sovereign funds in the Middle East and $ 1 billion from other investors.
Will announced the AI startup in July 2023. At the time, the company stated that its purpose was “to understand the true character of the universe.” XAI launched a chat bot called Grok last year, which, as claimed at the time, made his debut with two months of study and real-time online knowledge. XAI seeks to use chat to compete with other AI chats, including Claude and Chatgpt Anthropic and Maker Openai, which Musk helped launch before leaving the project in 2018.
In March, Musk stated that the startup was united with the Social Media X in transactions with the entire stock that estimates the combined subject of $ 80 billion. Musk said X was estimated at $ 33 billion.
“Futures XAI and X intertwined”, Musk wrote In a message on X announced the merger. “Today we are officially taking a step to combine data, models, calculations, distribution and talent.”
Since the inauguration of President Donald Trump, Musk has focused most of its time at the Department of Government Effectiveness, leaving questions about the stability of its companies, since Tesla’s shares decreased by 40%this year. Its presence on the call can be a signal that it rethinks its economic entities.
See: Sources say that Elon Musk called the current XAI investors
