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Stephanie Turner
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10 months ago
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xAI wants to raise $5 billion at a $45 billion valuation
- Ilon Musk's startup wants to raise $5 billion in investment
- xAI is discussing a $45 billion valuation for its new round
- Both old and new investors can participate
- Among them: Sequoia Capital, Andreessen Horowitz and Vy Capital
- Qatar Investment Authority may also become an investor.
- It was also a major investor in the buyout of social network X.
- The startup is trying to attract strategic investors
- In doing so, they may limit venture capitalists.
- Five months ago, xAI raised $6 billion at a $25 billion valuation.
- In total, the startup xAI was founded by Musk 18 months ago
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