The CEO of Tesla, Elon Musk, attends a cabinet meeting at the White House in Washington, DC, USA, April 10, 2025.
Nathan Howard | Reuters
Elon Musk is looking to put the “adequate value” in his artificial intelligence startup XAI, sources told David Faber de CNBC.
The comments reached the duration of a call with XAI investors last week, sources familiar with the Faber matter said. While the Tesla The CEO did not explicitly approach an next round of financing, the sources interpreted the comments as a sign that Xai is preparing for a significant increase in capital in the near future.
CNBC could not confirm that the company is actively looking at an increase.
The sources also said that the company discussed income at a potential execution rate of $ 1 billion or more in the call.
The increase would mark another significant milestone for XAI only months after CNBC reported that the company was raising up to $ 6 billion at an assessment of $ 50 billion to buy 100,000 NVIDIA chips. According to reports, financing was a combination of $ 5 billion of sovereign funds from Middle East and $ 1 billion of other investors.
Musk announced the startup of AI in July 2023. At that time, the company said its objective was to “understand the true nature of the universe.” XAI launched a chatbot called Grok last year, which according to the time had debuted with two months of training and knowledge of the Internet in real time. XAI is looking to use the chatbot to compete again at the moment of AI chatbots, including Claude de Anthrope and the Chatgpt OpenAi manufacturer, which Musk helped launch before leaving the project in 2018.
In March, Musk said the startup, merged with the social media platform X, had in an agreement of the entire stock that the entity combined at $ 80 billion valued. Musk said X had been valued at $ 33 billion.
“The futures of Xai and X are intertwined,” Musk wrote in a publication about X announcing the merger. “Today, we officially take the step to combine the data, models, calculators, distribution and talent.”
Since the inauguration of President Donald Trump, Musk has focused much of his time on the Government’s efficiency department, leaving questions about the stability of his companies, since Tesla’s actions have fallen around 40% this year. His presence in the call could be a sign that he is focusing on his commercial entities.
Look: Elon Musk made a call with the current XAI investors, the sources say
