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Musk disputes report on xAI raising $15B

Musk disputes report on xAI raising $15B

Confusion grows as Musk rejects the xAI funding story.

by Vivian Nguyen

1 min read

In AI

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Elon Musk on Thursday denied a report about xAI, his AI startup, raising new capital, calling it “false.” The firm was said to have secured $15 billion in funding, bringing its total valuation to approximately $200 billion.

xAI completed a funding round in 2024 as part of efforts to enhance its AI development capabilities. The startup has been expanding its financing plans beyond initial expectations, incorporating equity investments from key technology partners.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.

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Previous storyElon Musk’s xAI secures $15 billion in fresh funding, reaches $200 billion valuation