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

xAI, Elon Musk’s artificial intelligence venture, has secured a $300 million funding round that dramatically boosts its valuation to $113 billion. This substantial investment underscores strong investor confidence in the burgeoning field of AI. This move comes on the heels of xAI’s merger with social media platform X (formerly Twitter), solidifying its position as a major player in both technology and AI.