Elon Musk’s AI company, xAI, is anticipated to close a massive $6.5 billion funding round in June 2024. This substantial investment would value the company at $20 billion, making it one of the most highly-valued AI startups in the world.

xAI was founded by Elon Musk in 2023 with the goal of developing artificial general intelligence (AGI) that can understand and reason about the world in ways similar to humans. The company aims to create AI systems that are safe and beneficial to humanity. With this expected funding, xAI would have significant resources to pursue its ambitious research and development goals.

Additional reading: Bloomberg (https://www.bloomberg.com/news/articles/2024-05-23/musk-s-xai-nears-close-of-deal-valuing-startup-at-24-billion)