Sources indicate that xAI plans to raise $15 billion, valuing the company at $230 billion.

According to sources, Odaily reports that Elon Musk's artificial intelligence company xAI is in advanced talks to raise $15 billion at a valuation of $230 billion. This valuation represents a significant leap from the $113 billion valuation disclosed when it merged with Musk's social platform X in March of this year.

Sources say that Elon Musk's personal wealth manager, Jared Birchl, disclosed the terms of the funding round to investors Tuesday evening. It is unclear whether the valuation is pre-money or post-money. CNBC reported on xAI's funding plans last week. Following the report, Musk replied "fake" to a user's post about the news on X, sparking speculation. It is reported that after ending his cooperation with the US government, Musk has shifted his main focus to xAI, aiming to make it a core player in the global AI field. (Jinshi)