Musk's xAI is negotiating financing with a $40 billion valuation, hoping to raise several billion dollars

According to informed sources, Elon Musk's artificial intelligence startup xAI is negotiating a round of financing with investors, with a valuation expected to reach around $40 billion. A few months ago, xAI's last valuation was $24 billion when it raised $6 billion in the spring. One informed source stated that xAI hopes to raise several billion dollars in the new round of financing. The cash raised will be counted towards the $40 billion valuation. Musk stated on Monday that xAI plans to increase the number of graphic processing units at its Memphis data center from 100,000 to 200,000. NVIDIA's CEO praised the speed at which xAI is establishing the data center in Memphis, referring to it as 'the fastest supercomputer on Earth' in a recent podcast. (Golden Ten) #binancepizza