Image Credit: Wall Street Journal

Jan 23, 2024

Elon Musk Denies $500M xAI Investment Reports

By: Bhumi Shrivastava

Ongoing discussions place xAI's value between $15-20B, with potential adjustments ahead.

Valuation Talks

Image Credit:  New Scientist

Musk and investors aim to finalize terms, considering computing power alongside xAI equity.

Settlement Plans

Image Credit:  Rolling Stone

X investors urged to invest 25% in xAI, following Musk's November 2023 statement.

Equity Offer

Image Credit:  Britannica

Launched in 2023 as an OpenAI alternative, xAI, led by Musk, uses social media-powered chatbot Grok.

xAI's Start

Image Credit:  CNBC

xAI seals $865.3M private sale for unregistered equity, per December 5, 2023 SEC filing.

Substantial Deal

Image Credit:  Tech.co

Form D filing reveals $134.7M sold to accredited investors by Nov. 29, 2023, with resale restrictions under Rule 506(b).

Securities Sale

Image Credit:  AI World Today