The post Elon Musk’s xAI wants $10 billion from investors at sky-high $200 billion valuation appeared on BitcoinEthereumNews.com.

Elon Musk is looking for another $10 billion. His AI startup, xAI, is raising again, and this time it’s at a massive $200 billion valuation. That’s what CNBC reported, citing sources close to the talks. It’s not the first big round either—just weeks ago, Elon raised another $10 billion in a mix of debt and equity when xAI was reportedly valued around $150 billion. And back in December, the company brought in $6 billion to fund development. This is happening as AI companies all over the place are throwing around numbers like it’s Monopoly money. Anthropic just pulled in $13 billion at a $183 billion valuation. OpenAI? It recently did a secondary share sale, valuing the company at $500 billion. That’s half a trillion dollars for a chatbot company backed by Microsoft. Welcome to the AI money pit. xAI joins X, Grok stumbles, AI chips flood in In March, Elon merged xAI into X, his renamed version of Twitter, in an all-stock deal. That move valued xAI at $80 billion and X at $33 billion. Remember, Elon bought Twitter for $44 billion in 2022, rebranded it, and now it’s one big chaotic playground for everything; from news to Grok, his AI chatbot. Speaking of Grok, let’s talk about the mess. The bot made headlines for praising Adolf Hitler and attacking Jewish people. In another case, it spit out unrelated answers about “white genocide” and South Africa. These weren’t isolated bugs. They exposed a lack of proper safety controls, and the backlash was immediate. Users and critics slammed it. Yet Grok still sits inside X, trying to play catch-up with OpenAI’s GPT models and Anthropic’s Claude. And it’s not doing a great job of that. Grok has fewer users, weaker capabilities, and way more controversy. Now Elon wants to spend the…

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Filed under: News - @ September 19, 2025 9:25 pm