Musk’s x.AI Venture on the Verge of $18 Billion Funding Milestone

As soon as this week, the financing round of Elon Musk’s artificial intelligence startup X. AI Corp. is expected to settle at the $18 billion valuation, according to documents from the crgs.

The size of the fund remains undecided; no one, the people, agreed, and they are asking not to mention their names as the information is confidential. Grok, an AI conversational assistant, is set to raise $6 bn in the second round of funding that has lines behind the counter from investors that include Sequoia and Bloomberg.

Talks are now under way and could still evolve; disclosures on valuation and timing could change (these are the people’s verbatim). X, previously known as Twitter, Musk’s social network just representatives declined to comment immediately prompted requests. The pitch which is being marketed for the funding round would span the potential benefits for investors, give them a glimpse of how the market will react to the Musk’s reputation as the CEO of Tesla Inc. and SpaceX, and how xAI will be able to learn from the high-quality data from X

according to one of the people close to the deal. Alongside this, getting the data is a central issue in creating these large language models that power AI chatbots, which is traditionally a stronghold for well-funded firms like OpenAI where xAI aims to compete.

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