Elon Musk's xAI Seeks $15 Billion Funding at $230 Billion Valuation

Elon Musk's artificial intelligence startup xAI is seeking $15 billion in new equity funding at a $230 billion valuation, according to The Wall Street Journal. The proposed valuation represents a significant increase from the $113 billion figure disclosed in March. The funding will support data-center expansion and model development as xAI works to close the performance gap with competitors.