according to informed sources, Elon Musk's xAI Holdings is in talks with investors, planning to raise about $20 billion for its newly integrated artificial intelligence startup and social media business. If the deal is reached, according to data provider PitchBook's statistics, this would be the second largest startup funding round in history, second only to OpenAI's $40 billion funding earlier this year. Sources said that the size of this round of financing may exceed $20 billion, but the total amount has not been finalized yet, and the terms may still change. This round of financing will push the company's valuation over $120 billion. The current financing negotiations are still in the early stages, with the company aiming to complete the fundraising in the coming months. XAI Holdings, established in March this year, was formed by the merger of X Platform (formerly Twitter) and Musk's artificial intelligence company xAI. One source said that the new funds may be used in part to repay the debt incurred by Musk when taking Twitter private (later renamed X). This massive funding round highlights both investors' enthusiasm for artificial intelligence companies and confirms Musk's status as a business tycoon and influential political figure.
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Musk's xAI plans to raise $20 billion, which is expected to become the second largest startup financing in history
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