Musk’s xAI Holdings is reportedly raising the second-largest private funding round ever

Xai Holdings Elon Musk talks about collecting $ 20 billion in fresh funding, potentially evaluating a combination of AI and social media with over $ 120 billion, according to a New Bloomberg Report This says that conversations are in “early stages”. If he is successful, the agreement would represent the second largest circle of financing of startups ever, behind only Openai’s An increase of $ 40 billion Last month.

Financing could help alleviate a significant debt of debt X, which costs the company a huge $ 200 million per month in fees servicing, on Bloomberg sources, with annual interest costs more than $ 1.3 billion until the end of last year.

An increase in this size would show Ai’s constant appeal of investors, as well as reflecting surprisingly appearances of masculine as a political power player within the White House of President Trump.

Musk is likely to draw some of the same supporters who consistently funded his ventures, from Tesla to Spacex, including Antonio Gracias from Valor Equity Partners and Luke Nosek from Gigafund. Gracias even took the role as lieutenant In the Musk Department of Government Efficiency.

Xai did not immediately respond to the comment.