Musk’s xAI Seeks $40 Billion Valuation in New Funding Round

Elon Musk’s artificial intelligence startup xAI is seeking new funding at a roughly $40 billion valuation, according to a person familiar with the matter, just months after a separate financing for the startup brought in $6 billion.

The funding discussions are early, said the person, who asked not to be identified discussing private information, and the details could still change or the talks could fall apart.

Musk’s xAI did not immediately respond to requests for comment. The Wall Street Journal earlier reported on the deal, citing people familiar with the talks.

The company’s valuation was $24 billion including ...