Despite Elon Musk's denial, reports suggest xAI could seek funding valuing it between $170B and $200B.

Elon Musk's AI company, xAI, is reportedly seeking a funding round that could value it between $170 billion and $200 billion. Saudi Arabia's Public Investment Fund (PIF) is expected to be a major investor due to its indirect stake in xAI. Despite this, Musk has stated that xAI is not currently seeking funding. The company aims to generate $1 billion in gross revenue by year-end and project over $13 billion in annual earnings by 2029.