#Breaking: @ElonMusk’s #artificialintelligence company, #xAI, has secured $500 million in commitments from investors toward a $1 billion goal

Elon Musk’s artificial intelligence company, xAI, has secured $500 million in commitments from investors toward a $1 billion goal.

Elon Musk’s artificial intelligence company, xAI, has secured $500 million in commitments from investors toward a $1 billion goal, according to people with knowledge of the talks.

The company is discussing a valuation of $15 billion to $20 billion, though terms could still change in the coming weeks, the people said, declining to be named because they were not authorized to speak publicly about the investment. Musk said on X, the network formerly called Twitter, that the report was “fake news.”

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