Elon Musk has held a call with major xAI investors recently in an attempt to raise tens of billions of dollars, according to CNBC's David Faber, a renowned financial journalist and market news analyst. Musk reportedly outlined the raise as a way to place a proper value on the company, although the analyst contends that the money could also be spent on xAI's Colossus 2 supercomputer, which features one million GPUs.
"Musk is quoted as having said, we are going to 'put a proper value on the company' in reference to xAI and people took that to mean and again, this is speculation, that they will have a large raise, the last raise," said Faber. "Remember that I reported on $6 billion. This one would be far in excess of that. Perhaps you get a raise of something like $25 billion for a value that could purport to be between $150 and $200 billion. That's speculation. But that is kind of the conversation that is going on after this call."
