xAI raises $10 billion, reaching a $200 billion valuation

Elon Musk's artificial intelligence company, xAI, is launching a massive fundraising round, aiming to raise up to $10 billion from investors.

Once completed, this round is expected to boost xAI's valuation to $200 billion, further highlighting the continued surge in global investment in AI companies developing fundamental, large-scale models.

This move aligns with recent fundraising trends for similar companies. Earlier this month, renowned AI company Anthropic secured $13 billion in funding, bringing its valuation to $183 billion.

Meanwhile, industry leader OpenAI boosted its valuation to $500 billion through secondary stock sales, further demonstrating the market's strong recognition of companies developing cutting-edge AI models.

Notably, xAI's latest funding round comes just weeks after Musk raised another $10 billion round of funding just weeks ago. Previously, the company raised approximately $10 billion through a mix of debt and equity, at a market valuation of around $150 billion.

This significant valuation increase in just a few months reflects xAI's potential breakthroughs in technological advancement, business model, or strategic layout, and demonstrates investors' strong confidence in the growth potential of Musk's AI business.

Generative AI and artificial general intelligence (AGI) research and development are currently experiencing an unprecedented surge in capital. Numerous AI companies dedicated to driving fundamental technological innovation have secured substantial funding rounds, experiencing rapidly rising valuations, demonstrating the market's positive expectations for the next generation of AI technology and its commercialization prospects.

If xAI's financing is successfully completed, it will not only significantly strengthen its capital base but may also further alter the competitive landscape in the global high-end AI sector.