Elon Musk's xAI is currently engaged in discussions with investors to secure approximately $20 billion in funding for its AI and social media endeavors. This funding round is anticipated to value the company at over $120 billion. The procured funds may be directed towards repaying debts incurred from Musk's privatization of Twitter. The financing process is expected to conclude within the coming months, with the potential for the raised amount to surpass the initial target value.
