Musk denies report his AI company secures $500 mln toward $1 bln funding goal
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Musk denies report his AI company secures $500 mln toward $1 bln funding goal

Elon Musk has said a report that his artificial intelligence (AI) company‚ xAI‚ has secured $500 million in commitments from investors toward a $1 billion goal is inaccurate. "This is simply not accurate‚" he said in a reply to a user post about the Bloomberg article on social media platform X. The artificial intelligence (AI) startup xAI is discussing a valuation of $15 billion to $20 billion‚ though terms could still change in the coming weeks‚ Bloomberg reported‚ citing people familiar...