Elon Musk last year, not to be left behind in the productive artificial intelligence race that has become very heated. xAI He founded an artificial intelligence company named after him. This company, which was launched as a competitor to OpenAI, had been around for ten months. From the company integrated into X so far Grok We’ve seen the chatbot.

Now, a major development has taken place regarding xAI. According to sources close to the matter, the company said: $18 billion with pre-investment valuation (estimated value before investment) 6 billion dollars very close to raising money.

This is expected to be completed within a few weeks

According to the information received, this move will benefit investors. xAI will give away a quarter of its company. If terms do not change, the deal will close within weeks. In fact, it should be noted that the agreement has already been amended. Rumors swirled last week that it would raise $3 billion from a preliminary valuation of $15 billion. The current agreement shows that the amount has been increased.

among investors Sequoia Capital and founded by Musk’s good friend Steve Jurvetson. Future ventures it’s noticable. Except this one Valor Equity Partners and Gigafund There are companies with names close to Musk, such as: Let’s add that not all investors are made public.

However Shareholders of X (Twitter) between, SpaceX and Tesla also played an indirect role in the development of xAI It has been said. We will find out whether the news turns out to be true when the deal is completed. If true, Musk will have achieved his desired goal and raised $6 billion. It is also a matter of curiosity what position xAI will take in the artificial intelligence race. We’ll see if OpenAI can stay ahead of formidable competitors like Microsoft, Meta and Google.