Elon Musk's xAI seeks to raise $10 billion, with a valuation soaring to $200 billion.

Jin10 data reported on September 20, sources revealed that Elon Musk's artificial intelligence startup xAI is raising $10 billion from investors, with this round of financing valuing the company at $200 billion. This once again reflects the trend of skyrocketing valuations for companies developing foundational AI models. Earlier this month, Anthropic raised $13 billion, reaching a valuation of $183 billion. The largest company in the industry, OpenAI, achieved a valuation of $500 billion through a secondary stock sale. According to reports, this financing comes after Musk raised $10 billion through debt and equity financing a few weeks ago, when the market estimated xAI's valuation at around $150 billion.