Elon Musk’s xAI Aims for 75BillionValuationwith10 Billion Funding Round

February 15, 2025 – According to sources cited by Bloomberg today, Elon Musk’s artificial intelligence venture, xAI, is in the process of seeking around 10billioninfunding,whichisexpectedtopropelthecompany′svaluationtoastaggering75 billion. Existing investors, including Sequoia Capital, Andreessen Horowitz, and Valor Equity Partners, are reportedly in discussions to participate in this latest funding round. However, the source cautioned that the specific…

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Figure’s Valuation Hits $39.5 Billion in New Funding Round After Parting Ways with OpenAI

February 15, 2025 – According to informed sources quoted by Reuters on the 14th local time, Figure AI, a robotics startup, is in talks with investors to raise 1.5billioninfunding,whichwouldbringthecompany′svaluationto39.5 billion after the financing round. With the rapid development of AI technology, technology giants such as NVIDIA, Meta, and Tesla, along with several startups, are intensifying…

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Musk’s Lawyers Declare: No Profit-Oriented Transition, No $97.4 Billion Acquisition of OpenAI

February 14, 2025 – According to a report by Reuters, court documents submitted by lawyers representing Elon Musk on Wednesday revealed that the billionaire would withdraw his $97.4 billion acquisition offer for the non-profit division of OpenAI if the company abandons its plans to transition into a profit-making entity. Musk has been actively opposing OpenAI’s…

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