Index Investing News
Saturday, May 31, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Musk denies report his AI company secures $500 million toward $1 billion funding goal By Reuters

by Index Investing News
January 20, 2024
in Financial
Reading Time: 1 min read
A A
0
Home Financial
Share on FacebookShare on Twitter


© Reuters. FILE PHOTO: Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X, formerly known as Twitter, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, France, June

(Reuters) – Elon Musk has said a report that his artificial intelligence (AI) company, xAI, has secured $500 million in commitments from investors toward a $1 billion goal is inaccurate.

“This is simply not accurate,” he said in a reply to a user post about the Bloomberg article on social media platform X.

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, Bloomberg reported, citing people familiar with the matter.

xAI could not immediately be reached for comment.

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.

Last December, Musk said his artificial intelligence company was not raising funds, a day after the startup filed with the U.S. securities regulator to raise up to $1 billion in an equity offering.

Musk launched xAI in July last year in response to Big Tech’s AI efforts, which he has criticized for excessive censorship and a lack of adequate safety measures.

(This story has been refiled to remove extraneous word in paragraph 4)



Source link

Tags: BillionCompanydeniesFundinggoalmillionMuskReportReuterssecures
ShareTweetShareShare
Previous Post

US Supreme Court ruling on agency powers may impact Biden ESG investing rule By Reuters

Next Post

The Ghost of Oil Haunts Mexico’s Lacandona Jungle — Global Issues

Related Posts

Who’s ”Miss Atomic Bomb”? Historian looked for 25 years for reply

Who’s ”Miss Atomic Bomb”? Historian looked for 25 years for reply

by Index Investing News
May 31, 2025
0

It wasn't going to be simple to trace down the lady who got here to be often called "Miss Atomic...

Trump doubles metal tariffs to 50%

Trump doubles metal tariffs to 50%

by Index Investing News
May 31, 2025
0

President Donald Trump stated Friday that he’s doubling the tariff charge on metal to 50%, a dramatic improve that might...

Vodafone Thought Approves Elevating Up To Rs 20,000 Crore Through Fairness Or Debt

Vodafone Thought Approves Elevating Up To Rs 20,000 Crore Through Fairness Or Debt

by Index Investing News
May 30, 2025
0

Vodafone Thought Ltd.'s board on Friday authorised fundraising of as much as Rs 20,000 crore by way of fairness or...

Banks step up cybersecurity vigil as cyber frauds see a spurt

Banks step up cybersecurity vigil as cyber frauds see a spurt

by Index Investing News
May 30, 2025
0

A flexi at SBI’s Residence Mortgage Centre at Himayatnagar in Hyderabad Okay Diwakar, the daddy of a scholar who’s acquired...

Centre approves further instalment of Rs 81,735 crore as tax devolution for states

Centre approves further instalment of Rs 81,735 crore as tax devolution for states

by Index Investing News
May 31, 2025
0

The Union Authorities has accepted an extra instalment of Rs 81,735 crore as Tax Devolution to the State Governments, which...

Next Post
The Ghost of Oil Haunts Mexico’s Lacandona Jungle — Global Issues

The Ghost of Oil Haunts Mexico's Lacandona Jungle — Global Issues

Why America struggles to make friends abroad

Why America struggles to make friends abroad

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Suspected Monkeypox Affected person Dies in India’s Kerala

Suspected Monkeypox Affected person Dies in India’s Kerala

July 31, 2022
China’s reform generation is retiring

China’s reform generation is retiring

March 11, 2023
Trump’s well being actions thus far

Trump’s well being actions thus far

January 21, 2025
Which stars are set for a possible return in gameweek 6?

Which stars are set for a possible return in gameweek 6?

November 2, 2024
Most Seen Enterprise Information Articles, High Information Articles

Most Seen Enterprise Information Articles, High Information Articles

August 27, 2022
Tamadoge Price Prediction for 24th of October: TAMA is Rising

Tamadoge Price Prediction for 24th of October: TAMA is Rising

October 24, 2022
WazirX: WazirX safety breach: Crypto platform to renew INR withdrawals in phases beginning August 26

WazirX: WazirX safety breach: Crypto platform to renew INR withdrawals in phases beginning August 26

August 23, 2024
Apple retreats in Epic feud, allows Fortnite return in EU By Reuters

Apple retreats in Epic feud, allows Fortnite return in EU By Reuters

March 8, 2024
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In