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TechFlow news: Musk responded on the X social platform to X News Daily, stating that the report about xAI receiving a $500 million investment commitment is fake news by Bloomberg.
Previous report: According to Bloomberg, citing sources familiar with the matter, Elon Musk's artificial intelligence company xAI has secured $500 million in investment commitments, valuing the company at approximately $15–20 billion.
Elon Musk responded on X to X News Daily, calling Bloomberg's report about xAI securing a $500 million investment commitment a fake news. Earlier, Bloomberg had cited sources familiar with the matter saying that Elon Musk's AI company xAI had secured $500 million in investment commitments, with a valuation of approximately $15 billion to $20 billion.
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