Elon Musk’s xAI Fundraising Dance

Elon Musk doesn’t abide by the norms of Silicon Valley, where startups looking to raise money hold formal pitch meetings, during which executives show off fundraising slide decks full of information about their businesses, and outline their expectations around check size and valuation.

So when Musk posted a message on X last Friday, denying a Financial Times report that his artificial intelligence startup xAI was raising $6 billion at a $20 billion, people who know Musk well took his protestations …

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