Musk’s xAI Seeks $40 Billion Valuation in New Funding Round

Elon Musk’s artificial intelligence startup xAI is seeking new funding at a roughly $40 billion valuation, according to a person familiar with the matter, just months after a separate financing for the startup brought in $6 billion.

The funding discussions are early, said the person, who asked not to be identified discussing private information, and the details could still change or the talks could fall apart.