Elon Musk is reportedly raising $6 billion at a $18 billion valuation for his latest venture, xAI.Corp. Initially, xAI was set to raise $3 billion with a premoney valuation of $15 billion. However, because of overwhelming interest from investors, the terms of the deal were renegotiated, resulting in a significant increase in valuation. "We all received an email that basically said, ‘It's now $6B on $18B, and don't complain because a lot of other people want in," an anonymous source told TechCrun
As Elon Musk's Tesla faces multiple lawsuits and a federal investigation, the company's assertion that drivers are solely responsible for crashes involving its Autopilot technology is coming under intense scrutiny.
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As Elon Musk's Tesla faces multiple lawsuits and a federal investigation, the company's assertion that drivers are solely responsible for crashes involving its Autopilot technology is coming under intense scrutiny.