xAI, the artificial intelligence company started by Tesla (TSLA) CEO Elon Musk, is readying to raise more funds from investors in a deal that could put its valuation at as much as $200B, which would be ten times its value early last year, the Financial Times’ Tabby Kinder, Stephen Morris, Ivan Levingston, and James Fontanella-Khan report, citing people close to the talks. The funding round, which is currently under negotiation and could formally begin next month, would be its third large share sale in under two months, the authors note.
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