Tuesday, June 3, 2025

Musk's xAI seeks $113 billion valuation in $300 million share sale: Report

The deal would allow employees to sell shares to investors and a larger investment round is expected to follow the secondary stock offer, in which xAI will offer new equity to outside investors, the FT report said.

from Tech-Economic Times https://ift.tt/d3Avx7s

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OpenAI Foundation outlines $1 billion push, expands leadership team

OpenAI has committed at least $1 billion over the next year as part of recapitalisation efforts for its Foundation. The investment is aimed ...