According to PANews, Elon Musk's artificial intelligence startup, X.AI, is reportedly seeking funding between $3 billion and $4 billion. This funding round could potentially raise the company's valuation to $18 billion. The information was revealed in internal documents sent to investors, as reported by Bloomberg.
An informed source disclosed that emails regarding potential funding are circulating within the Silicon Valley venture capital community. These emails include a roughly 20-page pitch document. The source also mentioned that individuals closely associated with Musk have initiated discussions within their internal network to assess interest in participating in the transaction. However, the terms and amount of this funding round may change.