Topline
Elon Musk’s artificial intelligence firm xAI will hold a funding round valuing the company at $200 billion, according to CNBC, keeping up with or nearing massive valuations from competitors like Anthropic and OpenAI.
The funding round was first reported by CNBC. (Photo by VINCENT FEURAY/Hans Lucas/AFP via Getty Images)
Hans Lucas/AFP via Getty Images
Key Facts
xAI will raise $10 billion in the funding round, CNBC reported, citing unnamed sources who spoke with “Squawk on the Street” co-anchor David Faber.
This is a developing story. Check back for updates.