Elon Musk’s artificial intelligence startup, X.AI Corp., is currently in the process of securing a massive $6 billion in funding. This funding round would value the company at an impressive $18 billion.
The deal involves participation from Sequoia Capital and other investors, as X.AI aims to compete with major players in the AI field, including OpenAI.
Bloomberg previously reported that the company had been in talks to raise $3-4 billion in the deal as it seeks to with major players like OpenAI.
The Information previously reported that xAI was nearing a deal to raise $6 billion.
Interestingly, Elon Musk, who is a founding member of OpenAI, has had a somewhat contentious relationship with the startup in recent years.
