Elon Musk says CNBC report of xAI's $15 billion fundraise is 'false'
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Elon Musk refuted CNBC's report claiming xAI raised $15 billion in a Series E funding round. Musk labeled the report as "false," contradicting previous claims of a $10 billion raise. xAI aims to enhance its data center capacity to compete with OpenAI and Anthropic. Despite AI investment enthusiasm, concerns about an AI bubble persist. xAI plans to expand infrastructure with a supercomputer in Memphis. Musk did not comment further.
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