Insider: Elon Musk's xAI is about to raise $6 billion, with Sequoia Capital and others participating

Elon Musk's artificial intelligence startup xAI is about to reach a $6 billion financing deal, and the company's valuation will reach $18 billion, according to a person familiar with the matter. The person familiar with the matter said that investors such as Sequoia Capital will participate in this round of financing. (Bloomberg) Previously on April 12, an internal document sent to investors showed that Elon Musk's artificial intelligence startup xAI is seeking to raise $3 billion to $4 billion, which will bring the company's valuation to $18 billion.