Elon Musk's xAI Holdings is seeking to raise around $20 billion in funding, potentially more, which would value the company at over $120 billion. If successful, it would mark the second-largest startup funding round after OpenAI’s $40 billion. The company, formed in March by merging Musk’s AI startup with X (formerly Twitter), may use some of the funds to repay Twitter-related debt. Talks are in early stages, with fundraising expected to conclude in the coming months, reflecting strong investor interest in AI and Musk’s influence in tech and politics.