Growth of Rs.2000 cr Net Worth DTDC courier company
September 25, 2025
Trending News
September 29, 2025,6:13:05 PM
Musk denies report that claimed his AI firm secured a $500 mn funding
.jpg)
Tech billionaire Elon Musk has denied the report claiming that his artificial intelligence (AI) company ‘xAI’ secured $500 million in funding toward a $1 billion goal. Earlier a report stated that xAI was in talks with investors for an additional $500 million in funding. However, Elon Musk dismissed the report, saying it is fake.
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.
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.
SourceWhat’s hot
-
-
Successful Journey of Ghadi Detergent Powder
September 3, 2025
Icons of Indian Business: Icons of Indian Business is a monthly business magazine targeted at Indian business owners, traders and entrepreneurial enthusiasts. It provides online media solutions for Entrepreneurs. IIB has been the definite guide to the diverse challenges of entrepreneurship. Each edition consists of entrepreneurs ... with the all information they require and demand to grow their business. Iconsindianbusiness.com offers a daily source of information, strategic insights and how-to guidance on virtually every area of business management, from leadership to marketing, technology and money matters. IIB connects with millions of business owners who drives forward with the ideas and innovations.Make your brand the preferred choice with these affluent business decision-makers through a variety of customized programs integrated across digital,print,event and community platforms. IIB team works from Bangalore,Karnataka, but has a presence throughout India through its correspondents. IIB published 12 times a year, available in print and digital editions.
© 2024 Iconsofindianbusiness.com. All Right Reserved.