News Formal

Elon Musk’s xAI Seeks Up to $4 Billion to Compete With OpenAI

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 50%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Elon Musk’s fledgling AI startup X.AI Corp. is looking to raise $3 billion to $4 billion in a deal that would value the company at $18 billion, according to materials sent to investors.

Elon Musk’s xAI Seeks Up to $4 Billion to Compete With OpenAIEndo Sells $2.

5 Billion of Debt to Fund Its Exit From BankruptcyMorgan Stanley Drops on Report of US Probes Into Wealth UnitFirst Fed Rate Cut Won’t Come Until December, Deutsche Bank SaysRent the Runway Eyes Record Jump as Earnings Spark Revival HopeUS and Venezuela Secretly Meet in Mexico as Oil Sanctions Deadline NearsRussia Attacks Ukraine Gas Storage Sites, Driving Prices HigherBiden Vows to Back Japan, Philippines as China Rattles AlliesEl Salvador Returns to Debt Market With Macro-Linked BondGold...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Reddit’s IPO as much as five times oversubscribed, sources saySocial media company is likely to attain the $6.5-billion valuation it seeks
Source: globeandmail - 🏆 5. / 92 Read more »

AI startup Cohere seeks $5-billion valuation in latest fundraising, source saysThe Toronto-based company has seen its annualized revenue run rate grow to $22 million this month from $13 million in December
Source: globebusiness - 🏆 31. / 66 Read more »