Sources revealed that Elon Musk's artificial intelligence company, xAI, is raising $10 billion from investors. After this funding round, the AI startup's valuation is expected to reach $200 billion. This reflects the continued surge in valuations for companies developing foundational AI models. Earlier this month, Anthropic raised $13 billion at an $183 billion valuation, while industry giant OpenAI achieved a $500 billion valuation through a secondary stock sale.