According to a report by Bloomberg on April 26, Deep Tide TechFlow announced that Elon Musk's XAI Holdings is in discussions with investors to raise approximately $20 billion for its newly merged artificial intelligence and social media business. Sources familiar with the matter revealed that if the deal is completed, the company's valuation will exceed $120 billion, making it the second-largest funding round for a startup in history, following OpenAI's $40 billion funding earlier this year.
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According to a report by Bloomberg on April 26, Deep Tide TechFlow announced that Elon Musk's XAI Holdings is in discussions with investors to raise approximately $20 billion for its newly merged artificial intelligence and social media business. Sources familiar with the matter revealed that if the deal is completed, the company's valuation will exceed $120 billion, making it the second-largest funding round for a startup in history, following OpenAI's $40 billion funding earlier this year.