xAI's Ambitious Funding Goals

Billionaire Elon Musk's artificial intelligence venture, xAI, is reportedly in talks to secure a new round of funding that could catapult the company's valuation to an impressive $200 billion. According to the Financial Times, discussions are underway for what could be xAI's third significant share sale in just under two months.

Recent Financial Moves

This potential funding round follows closely on the heels of xAI's July achievement of raising $10 billion through a combination of loans and cash investments, as well as a $300 million share sale in June. The upcoming deal aims for a valuation bracket between $170 billion and $200 billion, marking a bold step forward for the AI firm.

Innovation Amid Controversy

Amid these financial endeavors, xAI has also been in the spotlight for its technological advancements, including the recent launch of its latest chatbot model, Grok 4. This comes after the previous model faced criticism for offensive outputs, a situation Musk has vowed to rectify.