While this is currently just a rumor spread by Bloomberg in an article dated April 26, it should make a lot of noise. According to Rachel Metz, Edward Ludlow, and Karie Roof, journalists known for their seriousness in tech, the company Elon Musk's xAI Holdings is reportedly in talks to raise $20 billion...
A pressure tactic for OpenAI?
Although Elon Musk hasn't been very explicit about his company's strategy, if this announcement is confirmed, it could quickly provoke a reaction from Sam Altman.
Last month, Elon Musk had already announced that xAI Holdings was in the process of acquiring X, which would increase the company's value. This time, with xAI Holdings raising at least $20 billion, this would value the company at $120 billion.
Last February, Elon Musk proposed a $97.4 billion acquisition of OpenAI, which OpenAI quickly dismissed. With this $20 billion fundraising, Elon Musk could concretely demonstrate his willingness to take up space in the AI field...
The second largest fundraising in the world
Although we are only at the rumor stage for the moment, sources close to Elon Musk have told CNBC's David Faber that the billionaire wants to do everything he can to increase the valuation of xAI Holdings.
Known for his extravagance, Elon Musk could attempt a real masterstroke with this operation. In addition to increasing the valuation of his company, he could achieve the second largest fundraising for a startup in the world.
Earlier this year, it was OpenAI that managed to take this first place, with a fundraising of $40 billion. This valuation allowed the company to be valued at 120 billion dollars, Elon Musk could implement actions to overtake his rival...
A financial interest to the detriment of uses?
The confirmation of this fundraising for xAI Holdings should raise many questions among users, as well as among financial players around the company.
While Elon Musk is struggling to take the lead with his various projects around artificial intelligence, like Grok 3 which has not been updated updated since February, some fear that this fundraising is just a publicity stunt.
If the Tesla manager wants to make a go of it with xAI Holdings, he won't be able to be satisfied with an impressive valuation, but will also have to prove the value of his company through its uses...
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