Elon Musk’s xAI To Raise US$20 Billion From Investors, Bloomberg Reports

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Elon Musk’s xAI Holdings is in talks with investors to raise roughly $20 billion in funding for his newly combined artificial intelligence startup and social media business, Bloomberg News reported on Friday, citing people familiar with the matter.

Having grown in leaps and bounds since 2001, the platform delivers strong, intelligent, and up to date content with perspectives from leading experts.

The transaction would value the company at more than $120 billion, the report said, citing one of the people.

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Author / Journalist: Editor

Category: EconomyBusiness

Markets: Malaysia

Topics: News XAI Global Elon

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-26 @ 03:42:47 (1 days ago)

News Timezone: GMT +8:00

News Source URL: businesstoday.com.my

Language: English

Article Length: 186 words

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Sentences: 7 lines

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Copyright Owner: © Business Today

News ID: 28213066

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