Elon Musk’s xAI in talks to raise funding valuing it at $40 billion: Report

Elon Musk’s AI startup xAI is in talks with investors for a funding round that would value the company at around $40 billion, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

The startup hopes to raise several billion dollars in the new funding round, WSJ said, adding that the discussions are in early stages, which means that terms could change or the talks could fall apart.