Elon Musk's artificial intelligence startup X.AI Corp. is poised to conclude its funding round this week with a valuation of roughly $18 billion.
According to a Bloomberg report, the exact size of the funding round remains undetermined.
The investment, intended to raise $6 billion, reportedly draws interest from investors like Sequoia Capital. The discussions are ongoing, leaving room for potential adjustments in valuation and timing.
Reportedly, the pitch deck for X.AI Corp.'s funding round underscores Musk's successful track record at Tesla Inc (NASDAQ:TSLA) and SpaceX, as well as the potential benefits of utilizing data from X for ...