Insiders: xAI plans to raise $15 billion at a valuation of $230 billion.

On November 19, according to The Wall Street Journal, sources revealed that Elon Musk's artificial intelligence company xAI is in deep negotiations to raise $1.5 billion at a valuation of $230 billion. This valuation represents a significant jump from the $113 billion valuation disclosed during its merger with Musk's social platform X in March this year. Sources said that Musk's private wealth manager, Jared Birchall, disclosed the financing terms to investors on Tuesday evening. It remains unclear whether this valuation is pre-money or post-money. CNBC reported on xAI's financing plans last week. Following the report, Musk replied “fake” to a user's post about the news on X, sparking speculation. It was reported that after ending his collaboration with the U.S. government, Musk has shifted his main focus to xAI, pushing it to become a core player in the global AI space. (Jin10)