Bloomberg recently reported that Musk's AI and social media venture, xAI, was in discussions for a fresh round of funding that could value the company at $200 billion. However, Musk himself has refuted these claims. Earlier reports hinted at xAI potentially raising approximately $20 billion, with a valuation estimated between $120 billion and $200 billion. Over the past year, xAI has secured multiple funding rounds, significantly boosting its valuation. As of now, xAI has not issued any official statement regarding any fundraising activities.