Elon Musk Artificial Intelligence company, Xai, is probing potential investors for a financing round of approximately $ 10 billion, which would evaluate the company by about $ 75 billion, according to a person with knowledge of the subject.
Existing investors, including Sequoia Capital, Andreessen Horowitz and Valor Equity Partners, are in negotiations to participate in the transaction, said the person, who asked not to be identified when discussing private information. The terms of the round are not yet finished and may change.
Xai and value representatives did not immediately respond to a commentary request. Representatives of Andreessen Horowitz and Sequoia refused to comment. THE New York Post He previously reported that Xai could be valued at $ 75 billion.
Xai has raised billions quickly. The company was last valued at about $ 51 billion, according to data compiled by Pitchbook. The company said in December that it had raised $ 6 billion in a Series C financing round after announcing another $ 6 billion round in May.
The company is the competitor of OpenAi, the AI giant that Musk helped found. Recently, he made an unquited offer of $ 97.4 billion to buy the assets of the non -profit organization that controls OpenAi. Xai’s main product, a chatbot called Grok, is available through its social network, previously known as Twitter Inc.
On Thursday, Musk praised his next Chatbot Grok 3 as an AI model that is overcoming others released so far, adding that the world can see it in a matter of weeks. XAI is also in negotiations to buy Dell Technologies Inc. servers, in an agreement valued at more than $ 5 billion.
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In December, Xai said investors included Andreessen Horowitz, Fidelity Investments, Blackrock, Kingdom Holdings, Lightspeed Venture Partners, MGX, Morgan Stanley, Ooman Investment Authority, Qatar Investment Authority, Sequoia, Value and Vy Capital, among others.
A number of other investors also supported the company, including Nvidia, DFJ Growth, AMD Ventures of Advanced Micro Devices, Petra Equity Partners, Transform Investment Group and Flat Capital, show pitchbook data.
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