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International Business Times UK
International Business Times UK
Technology
Vinay Patel

Elon Musk Sets The Record Straight, Slams 'Fake News' On xAI Funding

Elon Musk says the Bloomber report about xAI funding is "fake news". (Credit: Wikimedia Commons)

Challenging the credibility of the information shared in a Bloomberg article, Elon Musk has rejected claims of his artificial intelligence (AI) company xAI securing $500 million (£393.24 million) from investors as part of its $1 billion (£802.35 million) fundraising goal.

Responding to an X (formerly Twitter) user, Musk stated: "This is simply not accurate." Replying to another user on the social media platform, he called the Bloomberg report "fake news".

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