TransAI plans to raise 20billion,withavaluationexpectedtoexceed120 billion

Elon Musk’s xAI Holdings is in talks for a new round of financing worth $20 billion. If successful, it will become the second-largest venture capital financing round in history, and the company’s valuation will exceed $120 billion. xAI Holdings was formed by the merger of xAI and the social media platform X (formerly known as Twitter), with a combined valuation of $113 billion after the merger. This financing will not only reduce the debt burden of the X platform but also promote the construction of the xAI ecosystem.