Musk Denies xAI Capital Raise Amid AI Race

[cryptohog]

Elon Musk says his AI venture xAI is not raising capital, dismissing reports of a $10 billion funding round at a $200B valuation.

If true, CNBC’s report would have made xAI the fourth most valuable private company worldwide—just behind OpenAI, Bytedance, and SpaceX.

The rumored funds were expected to go toward building GPU-powered data centers, a critical step in the AI arms race. But with Musk’s denial, it seems xAI is relying on internal resources for now.

Still, with valuations for AI firms soaring and competition tightening, questions remain about when xAI will eventually tap outside capital to scale.

[jacson4]

Musk denying the $10B raise xAI playing it close to the chest

[Nahid10]

At $200B rumored valuation, xAI would’ve been #4 globally

[Swipe]

xAI staying self-funded at this stage is bold relying on internal resources shows confidence but scaling GPU-powered data centers will eventually demand huge capital injections

[JanEmil]

xAI also own X