Elon Musk’s xAI in Talks to Raise Funding Valuing It at $40 Billion
xAI is in talks with investors regarding a funding round that would value it around $40 billion. The startup was last valued at $24 billion just a few months ago. The funding discussions are in the early stages, so terms are still subject to change and the talks could fall apart. The company's current revenue sources include the X Premium subscription and an API developers can use to build applications with Grok.