Elon Musk Raises $20 Billion for xAI: Exploring AI & Social Media Ventures

Elon Musk’s xAI Holdings is seeking over $20 billion in funding, positioning itself as a significant player in the burgeoning artificial intelligence (AI) and social media landscape. According to sources, this ambitious fundraising effort, if successful, would be the second-largest for a startup after OpenAI’s recent $40 billion round, as reported by PitchBook. The company’s valuation is expected to soar past $120 billion upon securing this funding. The negotiations are in their early stages, with xAI aiming to finalize the fundraising within the coming months.