4/30/2025–|Last update: 4/30/202512:37 AM (Mecca time)
Artificial Intelligence Company “XAI”, owned by Elon Mask, is holding talks with investors to raise about 20 billion dollars to finance his start -up company that combines the artificial intelligence model with the X -X -platform, according to a report published by the Bloomberg website.
In the event of the completion of this deal, it will be the second largest financing round for a startup in history after the financing of “Oben AI”, which amounted to 40 billion dollars earlier this year, according to the PitchBook company, which is the best source of international capital market data, and a source familiar with the matter stated that this deal will increase the company’s value to more than 120 billion dollars.
It is noteworthy that Musk was looking to determine the appropriate value of the company “XAI” earlier this month through a phone call with the company’s investors, and Mask did not explicitly mentioned any upcoming financing round, but the sources indicated that “XAI” is preparing to collect a large amount soon.
The Bloomberg report added that the financing may exceed 20 billion dollars, as the exact number has not yet been determined, and it is reported that XAI acquired the X platform in a full shares deal, and the value of the artificial intelligence company was estimated at 80 billion dollars, and the value of the communication platform is 33 billion dollars.
Mask said when announcing the deal: The future of “XAI” and “X” is interconnected, and today we formally take the move to merge data, models, computing, distribution and talents. “This integration will be unleashed into enormous potential by integrating the capabilities of XAI) with wide access in X,” he added.
