Musk's XAI Holdings is negotiating $20 billion in financing, with a valuation of over $120 billion

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According to ChainCatcher, citing Bloomberg, Elon Musk's XAI Holdings is in talks with investors to raise approximately $20 billion for its newly merged AI and social media businesses.

Sources reveal that if the deal is completed, the company's valuation would exceed $120 billion, making it the second-largest startup funding round in history, second only to OpenAI's $40 billion funding earlier this year.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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