Elon Musk's xAI is negotiating with investors for a $20 billion financing -- Bloomberg News
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Elon Musk's xAI Holdings is in talks with investors to raise approximately $20 billion for its newly merged artificial intelligence startup and social media business. The deal is expected to value the company at over $120 billion. The transaction amount may exceed $20 billion, but specific terms have yet to be determined. xAI acquired the social media platform X last month
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