Elon Musk’s xAI likely to head towards another round of fundraising, seeks $200 billion in valuation: Reports

Elon Musk-led xAI, the maker of artificial intelligence chatbot Grok, is on its way to raise more money from investors, two reports said on Friday.

According to the reports by the Financial Times and Blomberg, the deal, if materialised, could raise the value of the company to as high as $200 billion — 10 times from its value early last year.