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Musk's xAI is negotiating for financing of 20 billion US dollars, with an estimated valuation exceeding 120 billion US dollars.
Musk's XAI is seeking $20 billion in funding for its newly merged AI startup and Social Media business. If successful, it will raise the company valuation to over $120 billion. This would also become the second-largest funding round for a startup in history, second only to OpenAI's $40 billion funding earlier this year.
