Musk refutes rumors that xAI has received $500 million in investment commitments

Citing sources from Bloomberg, it has been revealed that xAI, an artificial intelligence company owned by Musk, has received a commitment of $500 million in investment to achieve its $1 billion financing goal. The company is discussing a valuation of $15 billion to $20 billion, but terms may still change in the coming weeks. Musk responded on Twitter, calling it fake news spread by Bloomberg.