Elon Musk blames ‘false’ rumors as xAI allegedly raises $15 billion

On Thursday, whispers started swirling that his AI startup xAI had secured a massive $15 billion from investors. The claim original came allegedly from people “familiar with the matter,” and it shot straight into CNBC’s coverage, saying that xAI had just pulled off one of the largest private tech fundraises in recent memory. But Elon Musk quiky called the whole thing “false” on X, his own social media platform, without offering any more detail. But that hasn’t stopped everyone from trying to piece together what the hell’s really going on. This new round is supposedly an add-on to the $10 billion raise previously reported back in September, when insiders said xAI was already sitting on a $200 billion valuation. If true, that would shove the AI startup right alongside other massive players like Anthropic and OpenAI, both of which have recently pulled in eye-watering sums in their quest to dominate...

https://www.cryptopolitan.com/elon-musk-xai-did-not-raise-15-billion/