Elon Musk’s xAI Raises $300 Million, Valuing Company at $113 Billion

xAI, the AI company founded by Elon Musk, has raised $300 million in a stock sale. This significant investment brings the company’s valuation to $113 billion, marking a major milestone for the firm and showcasing investor confidence in the AI industry. The offering is specifically targeting employees, signaling strong belief in xAI’s future potential. Elon Musk’s influence continues to drive interest in this rapidly developing sector.