PANews, April 22 - According to CNBC, citing sources familiar with the matter, Musk mentioned in a conference call with xAI investors last week that he is considering granting his AI startup xAI "appropriate value." Although Musk has not officially announced a new round of funding, sources believe his statement indicates that xAI is preparing for a significant funding round in the near future. The company also discussed revenue targets of $1 billion or more during the call. Sources suggest that Musk's appearance in the xAI call may signal his renewed focus on his business entities. The report also noted that Tesla's stock, with Musk as CEO, has dropped 40% this year, which might raise questions about his management capabilities.
Musk May Consider New Funding Round for xAI to Grant It "Appropriate Value"
PANews2025/04/22 00:03
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