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Elon Musk ’s AI troupe , xAI , is said to be in talk to grow $ 10 billion in a round that would value xAI at $ 75 billion .
Bloomberg reported Fridaythat xAI is canvassing existing investor , including Sequoia Capital , Andreessen Horowitz , and Valor Equity Partners for the round , which would impart xAI ’s sum raise to $ 22.4 billion , according to Crunchbase . Bloomberg also noted that discussions are ongoing and that the terms of the fundraising round may convert .
The likely young injection of capital comes as xAI reportedlyweighs buy more than $ 5 billion Charles Frederick Worth of waiter from Dellto support the development of its AI technologies , including itsGrok modeling . Grok powers a growing number of feature on Elon Musk ’s X societal connection , including summaries of trending discussions .
The next major interpretation of Grok , Grok 3 , is set to be released in the next several weeks , Musk said in a livestreamed appearance at a Dubai engineering conference this hebdomad .
