TechFlow news, April 22 — According to CNBC citing sources familiar with the matter, Musk told xAI investors during a conference call last week that he is considering assigning an "appropriate value" to his AI startup xAI. While Musk has not formally announced an upcoming new funding round, sources believe this remark indicates xAI is preparing for a major fundraising effort in the near future. The company also discussed a potential revenue target of $1 billion or more during the call. Sources suggest Musk’s appearance on the xAI call may signal his renewed focus on his business ventures. The report also notes that Tesla, where Musk serves as CEO, has seen its stock price drop by 40% this year, which could raise questions about his management capabilities.
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