Elon Musk Shoots Down Reports About xAI Raising Capital: ‘I Have Had No Conversations’

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Benzinga

Elon Musk on Friday clarified that his artificial intelligence startup, xAI, is not raising capital at this moment. Musk’s denial comes after a media report claimed that xAI is looking to raise up to $6 billion. What Happened: A previous report by the Financial Times claimed that xAI is seeking fundraising at a valuation of up to $20 billion. Musk has flat-out denied it, saying he has not talked to anyone about it. “xAI is not raising capital and I have had no conversations with anyone in this regard.” Musk has previously denied reports about xAI fundraising – in fact, this is his third denial…

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