The General Director of Tesla, Elon Musk, takes part in the office in the White House in Washington, Washington, USA, April 10, 2025.
Nathan Howard Reuters
Elon Musk He wants to apply “the right value” at his startup of the XAI artificial intelligence, the sources have informed David Faber from CNBC.
Comments appeared during a conversation with XAI investors last week, the sources knowing this case informed Faber. While Tesla The CEO did not clearly deal with the upcoming funding round, the sources interpreted the comments as a sign that XAI is set to a significant increase in capital in the near future.
CNBC could not confirm that the company was actively looking at the raise.
The increase would mean another significant milestone for XAI Just a few months after CNBC announced that the company collected up to $ 6 billion with a valuation of $ 50 billion for the purchase of $ 100,000 NVIDIA tokens. Financing was reportedly a combination of $ 5 billion from sovereign funds in the Middle East and $ 1 billion from other investors.
Musk announced the startup of AI in July 2023. At that time, the company said that its goal is to “understand the true nature of the universe.” XAI launched a chatbot called grok last year, which, as he claimed at that time, debuted in two months of training and internet knowledge in real time. Xai wants to use chatbot to compete with other AI chatbots, including Anthropica Claude and ChatgPT Maker Openai, which Musk helped to start before leaving the project in 2018.
In March, Musk said that the startup merged with the Social Media platform X in the transaction on the entire offer of the valued joined unit for $ 80 billion. Musk said X was priced at $ 33 billion.
“Futures XAI and X are entwined”, Musk wrote In the post on X announcing the connection. “Today we officially take a step to combine data, models, calculations, distribution and talent.”
Since the inauguration of President Donald Trump, Musk has focused most of the time on the performance of the government department, leaving questions about the stability of his companies, because Tesla's shares fell over 40%this year. His presence at the call may be a signal that he will focus again on his business entities.
TO WATCH: Elon Musk made a phone call with current XAI investors, the sources say
