- Elon Musk’s AI venture, xAI, is on the verge of securing $6 billion in funding, aiming for an $18 billion valuation.
- Investment interest surged, leading to revised funding terms from an initial $3 billion at a $15 billion valuation to the current figures.
- Key investors include Sequoia Capital and Future Ventures, with Musk’s other ventures like SpaceX and Tesla indirectly contributing to xAI’s development.
Elon Musk’s xAI nears $6 billion funding with significant shareholder interest
