Musk denies rumors of a new round of financing for xAI: The company currently has sufficient funds

Recently, media reported that Elon Musk's artificial intelligence company xAI is preparing for a new round of financing, with a valuation of up to $200 billion, nearly ten times higher than at the beginning of last year. However, Musk later clarified on the social platform X (formerly Twitter), saying that "xAI is not currently seeking financing and has sufficient funds."

According to previous news, xAI's financing actions have been unusually frequent in the past two months. In June this year, xAI raised $300 million through a secondary stock offering; in July, it obtained another $10 billion through loans and cash injections. These funds provide strong support for the company's expansion in supercomputing clusters, model training, and talent introduction.

As the market's attention to its flagship product Grok series of large models heats up, the outside world's expectations for xAI's valuation have risen rapidly. In May this year, xAI's valuation in the B round of financing was only $18 billion. In less than three months, market rumors have jumped to $200 billion, and the increase has caused widespread discussion.

Musk's public denial also means that xAI's capital structure may not change for the time being at this stage. However, the industry generally believes that in the context of increasingly fierce global AI competition, xAI may still seek more strategic resource support in the future to consolidate its leading position in multimodal large models and AI native infrastructure.