Is xAI seeking financing? Musk stated that he will seek a reasonable valuation for xAI
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Elon Musk is seeking a reasonable valuation for his xAI, which may signal the launch of a new round of large-scale financing. According to insiders, Musk mentioned in a conference call with investors that the company's potential annual revenue could reach $1 billion or more. If the financing is confirmed, it will be an important milestone for xAI. xAI had previously planned to raise up to $6 billion at a valuation of $50 billion to purchase NVIDIA chips. Musk founded xAI in 2023 and stated that its goal is to understand the nature of the universe
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