Musk’s xAI launches Grok 4.1 AI model with sharper emotional intelligence

Elon Musk's artificial intelligence company, xAI, is reportedly in advanced discussions to raise $15 billion, aiming for a valuation of approximately $230 billion. This fundraising effort reflects the growing interest in AI technologies and the potential for significant investment in the sector.

Elon Musk announced that his xAI artificial intelligence startup plans to develop a 500 megawatt data center in Saudi Arabia in collaboration with Humain, the kingdom’s state-backed AI venture. The announcement was made during a US-Saudi investment forum in Washington, where Musk was joined by Nvidia CEO Jensen Huang, indicating a significant partnership in the AI sector.

Musk's xAI is reportedly in advanced discussions to raise $15 billion, aiming for a valuation of $230 billion, according to the Wall Street Journal. This potential funding round highlights the growing interest and investment in artificial intelligence technologies. The discussions come at a time when the AI sector is experiencing significant growth and scrutiny, with major players like Nvidia also under the spotlight for their earnings and impact on the market.

Elon Musk's artificial intelligence company, xAI, is reportedly in advanced discussions to raise $15 billion, aiming for a valuation of $230 billion, according to the Wall Street Journal. This funding round reflects the increasing interest and investment in AI technologies, highlighting Musk's ongoing influence in the tech sector. The potential investment could significantly bolster xAI's capabilities and market position as it competes in a rapidly evolving industry.

Elon Musk's artificial intelligence company, xAI, is reportedly in advanced talks to raise $15 billion, which would elevate its valuation to approximately $230 billion. The funding is aimed at enhancing the company's flagship Grok chatbot, which is currently consuming significant resources as it seeks improvements. This move reflects the growing interest and investment in the AI sector, as companies strive to innovate and expand their capabilities.