On Friday, the Financial Times reported, citing several informed sources, that the emerging artificial intelligence company xAI is in talks to raise up to $6 billion from global investors.
According to the report, the value of fundraising efforts could reach approximately 20 billion dollars.
The Financial Times mentioned that the startup is in talks with family offices in Hong Kong and is also targeting sovereign wealth funds in the Middle East.
According to the report, Musk also reached out to investors in Japan and South Korea. (Reuters)