Elon Musk’s Xai Holdings in talks to raise $ 20 billion

Elon MuskBloomberg News reported that Xai Holdings is taking place with investors to raise about $ 20 billion.

The company’s funding will be estimated at more than $ 120 billion, according to the report.

The report added that the amount may be more than 20 billion dollars, as the exact number has not been determined.

Musk’s Xai immediately did not respond to CNBC’s request for comment outside the American working hours.

Musk was looking to set a “appropriate value” to Xai, The sources told David Faber from CNBC Earlier this month. The notes were made during a call with Xai investors, as well as informed sources on the matter. the Timing The CEO at that time did not explicitly mention any upcoming financing round, but the sources suggested that Xai was preparing to increase the large capital in the near future.

Artificial Intelligence Company last month It was obtained X in drug control completelyto This Xai is estimated at $ 80 billion and a social media platform at $ 33 billion.

“The futures for Xai and X. today, we take the step officially to integrate data, models, account, distribution and talent,” Musk said in X. “This mixture will open tremendous potential by mixing the capabilities of advanced artificial intelligence on XAI with X -huge arrival.”

Read the full story of Bloomberg here.

Samantha Subin of CNBC contributed to this report.