(Reuters) – Elon Musk’s artificial intelligence company, xAI, has secured $500 million in commitments from investors toward a $1 billion goal, Bloomberg News reported on Friday.
The company is discussing a valuation of $15 billion to $20 billion, though terms could still change in the coming weeks, the report added, citing people familiar with the matter.
(Reporting by Gursimran Kaur in Bengaluru; Editing by Sandra Maler)
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