xAI to Raise $2.4 Billion in Funding, Surpassing $24 Billion Valuation

According to Bloomberg, Elon Musk’s artificial intelligence company, xAI, is set to complete a round of funding in June, with a potential valuation exceeding $24 billion. The company initially aimed to raise $6 billion this month. It is reported that xAI’s goal is to raise as much as $6.5 billion and is expected to achieve this target in the coming weeks.