Elon Musk’s xAI Targets $18B Valuation; Bloomberg Reports

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As reported by Bloomberg, Elon Musk’s xAI is gearing up to reach a staggering $18 billion valuation this week as it seeks to challenge. xAI’s funding round initially set at $6 billion, is now set to surpass expectations owing to investors’ positive outlook over xAI’s potential. With Musk’s expertise in disrupting AI and access to high-quality data through X, xAI aims to lead the AI landscape through the development of large language models (LLMs).