Musk’s XAI Raises $10 Billion at $200 Billion Valuation (1)

Elon Musk’s artificial intelligence startup xAI has raised new funding at a $200 billion valuation, according to a person familiar with the deal, making it one of the world’s most valuable startups.

The over $10 billion round includes investment from Valor Capital, the Qatar Investment Authority and Prince Al Waleed bin Talal via his Kingdom Holding Co., said the person, who asked not to be identified in order to discuss private business dealings.

As part of the round, the company is also aiming to raise $3.5 billion of debt for data center expansion, a separate person with knowledge of ...