🚨ELON xAI #TARGETS $120B VALUATION IN NEW FUNDING ROUND.

🔹xAI in talks to #raise new funds, could reach $120B valuation, up from $80B.

🔹Potential $20B investment being discussed.

🔹OpenAI #recently valued at $300B in March 2025.

🔹xAI merged with X (formerly Twitter) in March; Grok chatbot runs on X user data.

🔹Despite cooling AI market, xAI and OpenAI still attract major funding.

🔹Musk’s legal history with OpenAI highlights rivalry.

-The New York Times