Musk's xAI plans to raise $20 billion in funding with a valuation of over $120 billion.

Chinatimes Financial APP learned that, according to media reports quoting informed sources, Elon Musk's xAI Holdings is in negotiations with investors to raise approximately $20 billion for this newly merged company. An informed source said that this deal would value the company at over $120 billion. The source also added that the total amount of fundraising has not been determined and the terms may change.