Musk who wants to put an “appropriate value” on XAI

Elon Musk He is looking to put the “right value” on his startup on the XAI artificial intelligence, CNBC David Faber sources said.

The comments came during a call with XAI investors last week, sources familiar with the question said. While Tesla The CEO did not explicitly turn to an upcoming funding circle, sources interpreted comments as a sign that XAI was being created to significantly increase capital in the near future.

CNBC failed to confirm that the company is actively considering an increase.

The promotion will mark another important stage for Xai Just months after CNBC reported that the company was raising up to $ 6 billion in a $ 50 billion estimated to buy $ 100,000 NVIDIA chips. Funding is reported to be a combination of $ 5 billion from sovereign funds in the Middle East and $ 1 billion from other investors.

Musk Announced the launch of AI in July 2023S At that time, the company stated that its purpose was to “understand the true nature of the universe.” XAI launched a chatbot called Grok last year, which at the time was claimed to have debuted with two months of real -time internet training and internet knowledge. XAI is looking to use a chatbot to compete against other AI chatbots, including Anthropic’s Claude and Chatgpt Maker Openai, which Musk helped to launch before leaving the project in 2018.

In March, Musk said the launch was merged with the social media platform X in a deal with all stocks evaluating the combined formation of $ 80 billion. Musk said X was estimated at $ 33 billion.

“XAI and X Futures are intertwined”, Musk wrote In an X publication, which announces the merger. “Today we are officially taking the step to combine data, models, calculation, distribution and talent.”

Following President Donald Trump, Musk focused much of his time on the Ministry of Government Efficiency, leaving questions about the stability of his companies, as Tesla shares fell over 40%this year. His presence in the call may be a signal that he focuses again on his business entities.

Watch: Elon Musk called with current XAI investors, sources say