Musk may consider a new round of financing for xAI to give it "appropriate value"

According to a report by CNBC citing sources, Elon Musk stated during a phone conference with xAI investors last week that he is considering giving his AI startup xAI "appropriate value". Although Musk did not officially announce an upcoming new round of financing, sources believe this statement indicates that xAI is preparing for a large-scale fundraising round in the near future. The company also discussed revenue targets that could reach $1 billion or higher during the phone conference. Sources believe Musk's appearance at the xAI phone conference may signal his renewed focus on his business entities. The report also noted that Tesla, where Musk serves as CEO, has seen its stock price drop by 40% this year, which might raise questions about his management capabilities.