07 xAI

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Elon Musk: Will xAI build AGI? – Lex Fridman podcast

XAI

VALUATION: US $ 50BN CEO: ELON MUSK LOCATION: BURLINGAME, USA SIGNIFICANT BACKERS: SEQUOIA CAPITAL, ANDREESSEN HOROWITZ, VY CAPITAL

was valued at US $ 50bn in November 2024, but Elon Musk’ s March 2025 decision to merge it with X is set to dramatically transform the company’ s prospects. The newly formed XAI Holdings now combines xAI’ s AI ambitions with X’ s massive data trove and built-in distribution network for its Grok chatbot. Now, the company is reportedly in talks to raise US $ 20bn at a value of more than US $ 120bn.

With the world’ s largest AI training facility and fresh partnerships like the US $ 300m Telegram deal, xAI is positioning itself as a serious competitor to OpenAI.

Elon Musk, CEO, XAI

28 July 2025