Overview

• xAI plans to raise $387 million in a secondary share sale targeting a $146 billion valuation
• Employees will use the sale to liquidate stock stakes before a planned major equity round
• A subsequent funding round is expected to inject fresh capital for AI model training and product expansion
• In March, xAI merged with Musk’s social platform X to form an $113 billion entity combining AI tools with social media data
• Regulators and privacy experts have raised questions over governance and the use of user data in AI applications