In a fresh wave of controversy, Elon Musk has taken to social media to dispute a recent Bloomberg report claiming that his artificial intelligence company, xAI, secured $500 million in commitments from investors. Notably, the report suggested a lofty $1 billion funding goal with a potential valuation between $15 billion to $20 billion.
However, Elon Musk vehemently denied the report, labeling it as “fake news.” Meanwhile, the conflicting narratives have stirred intrigue in the tech and AI communities, questioning the accuracy of the reported financial milestones for xAI.
Elon Musk Denies Bloomberg’s xAI Funding Report
In a swift response on the X platform, formerly Twitter, Elon Musk dismissed Bloomberg’s report that xAI had garnered $500 million in investor commitments. Meanwhile, the Tesla and SpaceX CEO declared the news as “fake,” contradicting Bloomberg’s detailed account of ongoing talks regarding xAI’s funding and potential valuation.
Notably, Musk’s quick deni
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