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xAI, Elon Musk’s OpenAI rival, is closing on $6B in funding and X, his social network, is already one of its shareholders
April 26, 2024, 4:41 a.m. | Connie Loizos
TechCrunch techcrunch.com
xAI, Elon Musk’s 10-month-old competitor to the AI phenom OpenAI, is raising $6 billion on a pre-money valuation of $18 billion, according to one trusted source close to the deal. The deal – which would give investors one quarter of the company – is expected to close in the next few weeks unless the terms […]
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ai billion deal elon elon musk funding investors money musk network openai openai rival shareholders social valuation venture xai
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