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However, Elon Musk dismissed the report, saying, “This is fake news from Bloomberg”, in response to a user who shared the news article on X.
In the report, Bloomberg, citing sources, mentioned that xAI is considering a valuation of $15 billion to $20 billion, although the terms could change in the coming weeks.Musk, in another post on X, dismissed the report.
“This is simply not accurate,” he said in a reply to a post.
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According to a filing with the US Securities and Exchange Commission (SEC), the Tesla and SpaceX CEO has raised $134.7 million so far for xAI.The $135 million came from four unnamed investors, with the first sale occurring on November 29.
The SEC filing noted that xAI will only accept a minimum of $2 million from outside investors.
The xAI ‘Grok’ AI assistant is being provided to the users as part of X Premium Plus which costs $16 per month via the web.