Elon Musk’s XAI Holdings in talks to raise $20 billion from investors, Bloomberg News reports

 

(Reuters) -Elon Musk’s XAI Holdings is in talks with investors to raise roughly $20 billion in funding for his newly combined artificial intelligence startup and social media business, Bloomberg News reported on Friday, citing people familiar with the matter.

(Reporting by Disha Mishra in Bengaluru; Editing by William Mallard)

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