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The X logo appears on the phone, and the XAI logo is displayed on a laptop in Krakow, Poland, April 1, 2025 (photo by Klaudia Radecka/Nurphoto via Getty Images)
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Elon Musk“S XAI HOLDINGS is in discussions with investors to raise about $ 20 billion, Bloomberg News reports on Friday, citing people who are acquainted with this question.
According to the report, financing estimates the company of more than $ 120 billion.
The amount may be more than $ 20 billion, as the exact figure was not resolved, the report added.
XAI Musk did not immediately respond to the CNBC request for a comment on the US working time.
Musk wanted to assign XAI “proper value”, Sources reported David Faber CNBC Earlier this month. The comments were made during the call with the XAI investors, Faber said sources familiar with this issue. A Tesla At this time, the CEO did not mention the upcoming financing round, but the sources suggested that XAI was preparing for a significant increase in capital soon.
A firm of artificial intelligence last month purchased X in All-Stock Deal This estimated XAI $ 80 billion and the social media platform – $ 33 billion.
“The XAI and X futures are intertwined. Today we are officially taking a step to combine data, models, calculations, distribution and talent,” Musk said on X, announcing this deal. “This combination unlocks the huge potential, mixing the advanced capacity of the II with a massive achievement of X.”
Read the full story of Bloomberg there.
– Samantha Subin CNBC contributed to this report.
