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AI News from ET - Musk says xAI is not raising capital after CNBC report on $10 billion funding

Vishwadeep Khatri
in AI News & Two Lenses

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Elon Musk refuted a CNBC report stating that xAI is currently raising capital. The report suggested a $10 billion raise at a $200 billion valuation to fund data centers and talent acquisition. Musk clarified on X that xAI is not engaged in any fundraising activities at this time, despite the company's efforts to expand its AI infrastructure.

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