Musk's AI Startup xAI Seeks $40 Billion Valuation in New Funding Round

According to Odaily, Elon Musk's artificial intelligence startup, xAI, is in discussions with investors for a new round of funding, aiming for a valuation of approximately $40 billion. A few months ago, xAI was valued at $24 billion after raising $6 billion in the spring. One insider mentioned that xAI hopes to raise several billion dollars in the upcoming funding round, which will contribute to the $40 billion valuation. On Monday, Musk announced that xAI plans to increase the number of graphics processing units at its Memphis data center from 100,000 to 200,000. NVIDIA's CEO praised xAI for the rapid establishment of the data center in Memphis, referring to it as the