Overview

• CNBC’s David Faber reports that unnamed sources say Elon Musk’s xAI closed a $10 billion funding round valuing the company at $200 billion post-money.
• The report follows a recent debt-and-equity raise that was believed to value xAI at roughly $150 billion.
• Proceeds are reportedly earmarked for data-center buildouts, large purchases of Nvidia GPUs, and recruitment of top AI talent.
• Musk has said he aims to buy a million AI chips, highlighting plans to scale compute for model training.
• Recent financings valued Anthropic at $183 billion after a $13 billion raise, while a secondary sale pegged OpenAI at $500 billion.