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Benzinga
Benzinga
Business
Bibhu Pattnaik

Elon Musk Refutes Claims Of xAI's $10 Billion Funding Round, Says 'xAI Is Not Raising Any Capital Right Now'

XAI Elon Musk X CNBC OpenAI
Musk’s xAI Aims to Challenge Meta

Elon Musk has dismissed reports of his AI startup, xAI, raising $10 billion at a staggering $200 billion valuation. Musk labeled these reports as “fake news”, asserting that xAI is not in the process of raising capital.

Earlier on Friday, CNBC reported stating that AI firm, xAI, raising $10 billion at a post-money valuation of $200 billion. 

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