November 05, 2024 – According to informed sources, Elon Musk’s AI startup, xAI, is planning to raise 5billionatavaluationofapproximately45 billion. Potential investors include venture capital firms such as Sequoia Capital, Andreessen Horowitz, and Vy Capital.
Reports from The Information indicate that xAI representatives have disclosed to potential investors that Nvidia has engaged in discussions regarding xAI’s latest funding round. Industry insiders note that it is not uncommon for chip manufacturers like Nvidia to co-invest in projects with their clients. An anonymous Nvidia analyst stated that even if Nvidia invests in xAI, its competitors would still purchase Nvidia’s chips.
Furthermore, two sources revealed that Musk anticipates conducting another large-scale funding round in January of next year, potentially pushing xAI’s valuation to $75 billion.
Remarkably, just five months ago, xAI raised 6billionata24 billion valuation, highlighting the impressive growth rate of the company’s estimated worth.
