PANews May 9 news, according to (The New York Times), Musk's AI startup xAI is negotiating a new round of financing, with a valuation possibly rising to $120 billion, a significant increase from March's $80 billion. Investors are discussing a financing amount of about $20 billion. Previously, Musk sold the social platform X to xAI entirely in stock, deeply integrating the operations of both. xAI's chatbot Grok is trained on user data from the X platform and contributes a portion of revenue to X. This round of financing follows OpenAI's announcement of completing financing with a valuation of $300 billion.