Elon Musk’s xAI is partnering with Valor Equity to raise an additional $12B

Elon Musk is reportedly seeking up to $12 billion, just weeks after raising $10 billion for xAI to stay competitive in the costly AI race. Insiders say xAI has partnered with Valor Equity Partners, led by Antonio Gracias, to structure a potential $12 billion capital raise to support its expansion as per a WSJ report. Following a $10 […]

Source: cryptopolitan.com (Read Full Article)