Elon Musk's xAI is reportedly in discussions with investors to secure funding that could value the company at up to $200 billion. This represents a significant increase from its valuation in late 2024, which was over $40 billion after a $6 billion Series C funding round. The company's AI model, Grok, is available to users on X, formerly Twitter. xAI is also developing a supercomputer, 'Colossus', with 100,000 Nvidia GPUs to train its AI models.
The potential capital injection would support xAI's ambitious projects, including further development of its AI models and expansion of its infrastructure. The company is focused on building AI with the goal of 'understanding the true nature of the universe'. This positions xAI as a major competitor in the AI landscape, rivalling companies like OpenAI.
Analysts are closely watching xAI's roadmap, particularly how its technology will integrate with X and other AI offerings. Synergies between xAI and Musk's other ventures, such as Tesla and SpaceX, could create a unique AI ecosystem.
