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Musk’s xAI to Raise Capital at $40 Billion Valuation

The Information · Kate Clark · last updated

Elon Musk’s xAI, the developer of the Grok chatbot, is in talks to raise more money at a $40 billion valuation, according to a person with direct knowledge of the fundraising efforts. Wall Street Journal was first to report the news.

The company, founded last year, raised $6 billion in a round …

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