Elon Musk's artificial intelligence startup xAI seeks $5 billion in funding

Elon Musk's artificial intelligence startup xAI is reportedly considering raising $5 billion from investors at a valuation of about $45 billion. Potential investors may include existing backers such as Valor Equity Partners, while existing investors such as Sequoia Capital, a16z and Vy Capital are also in talks to invest. In addition, the Qatar Investment Authority may also participate in the investment, which is the main investor in Musk's acquisition of Twitter in 2022. xAI is also in talks with strategic investors, which may limit the participation of venture investors.