Musk denies xAI is funded at $200 billion valuation: we're well-funded

On July 12, Bloomberg reported that people familiar with the matter said Elon Musk (Elon Musk), an AI and social media company xA A new round of financing is being negotiated at a valuation of up to $200 billion. However, Musk denied this.

xAI recently raised $10 billion in funding, split 50/50 between debt and equity financing, according to people familiar with the matter. Now, the company is planning to raise another $10 billion.

However, Musk denied it on X saying, "These rumors are false. xAI is not looking for funding at this time, we have plenty of money."