Xai Holdings, Elon Musk’s artificial intelligence and social media company, is in the early stages of a financing round that can evaluate the business at $ 200 billion, according to a report by Financial Times.
The company – which joined the X, previously Twitter, with the musk AI startup, Xai – would see its rating, consolidating its position as one of the world’s most valuable private companies. A Xai representative did not immediately respond to a request for comment. Financial Times cited unidentified sources in its report.
The company recently raised $ 10 billion, also divided between debt and capital, said the newspaper. THE Bloomberg He reported the funding efforts last month.
In addition to raising funds, the company is also spending quickly. Bloomberg had already informed that Xai is consuming $ 1 billion a month while developing more advanced AI models.
Earlier this week, Xai launched its latest model, Grok 4, just months after releasing the previous version, highlighting the rapid pace of AI development.
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