Elon Musk’s xAI Raises $300 Million in Stock Sale, Boosting Valuation

Elon Musk’s AI company, xAI, recently sold $300 million worth of stock to provide liquidity for employees following its merger with X. This move significantly boosts xAI’s valuation, now reaching $113 billion. The transaction, which does not involve cryptocurrency, has no impact on the blockchain or digital assets market.