Musk's AI company xAI has started in-depth negotiations for a $15 billion financing, with a valuation expected to rise to $230 billion.

According to The Wall Street Journal, Elon Musk's artificial intelligence company xAI is in deep negotiations for a new round of equity financing, aiming to raise $15 billion. This round of financing values the company at $230 billion. The report also pointed out that Musk's wealth manager, Jared Birchall, disclosed the terms of the new financing to investors on Tuesday night.