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Xai (XAI) traded down 11.2% against the U.S. dollar during the 24-hour period ending at 11:00 AM Eastern on January 23rd. Xai has a total market capitalization of $189.25 million and approximately $107.55 million worth of Xai was traded on exchanges in the last 24 hours. During the last seven days, Xai has traded 30.8% […] ....
Bloomberg had reported that xAI is in discussions for a valuation ranging between $15-20 billion and has secured $500 million in commitments, but Musk rejects these claims. ....
Musk and investors are expected to finalize terms in the next couple of weeks, and some parties are evaluating whether they can get computing power in addition to, or in some cases instead of, xAI equity shares, Bloomberg reported. ....
The artificial intelligence (AI) startup xAI is discussing a valuation of $15 billion to $20 billion, though terms could still change in the coming weeks, the report added, citing people familiar with the matter. Last December, Musk said his AI company was not raising funds, a day after the startup filed with the US securities regulator to raise up to $1 billion in an equity offering. ....