People familiar with the matter: Musk’s AI company xAI seeks to raise up to $6 billion to challenge OpenAI

Elon Musk's artificial intelligence company xAI plans to raise up to $6 billion in equity funding at a proposed valuation of $20 billion to challenge OpenAI, people familiar with the matter said. Musk is in talks with global investors, including a family office in Hong Kong, about xAI funding. (Financial Times)