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CoinGape
2024-01-20 05:05:17

AI Funding: Elon Musk’s xAI Nears $1B Goal; Altman Pushes for Chip Funding

AI Funding: Elon Musk’s xAI Nears $1B Goal; Altman Pushes for Chip Funding

With artificial intelligence (AI) sector booming, Elon Musk’s xAI is making strides toward its ambitious $1 billion funding target. Bloomberg noted in its report on Friday that the AI venture has secured $500 million in commitments from investors. xAI is reportedly in discussions regarding a valuation ranging from $15 billion to $20 billion. Sources told the paper The post AI Funding: Elon Musk’s xAI Nears $1B Goal; Altman Pushes for Chip Funding appeared first on CoinGape .

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