Elon Musk’s xAI in Funding Talks That Could Value Company at $40 Billion
The financing efforts follow that of rival OpenAI, which recently closed a funding round that valued it at $157 billion.
Alphabet’s driverless car unit now has vehicles operating in San Francisco, Phoenix and Los Angeles.
The San Francisco company is gathering the billions its executives believe they will need to continue building new A.I. technology.
The A.I. start-up’s valuation has risen by more than $70 billion in nine months.
The A.I. start-up’s valuation has risen by more than $70 billion in nine months.
CRV, based in Silicon Valley, plans to return to investors $275 million because the market for mature start-ups has soured.
As the company looks for more outside investors, documents reviewed by The New York Times show consumer fascination with ChatGPT and a serious need for more cash.
The San Francisco start-up hopes to raise $6.5 billion as part of an aggressive push for more investment.
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