Bloomberg: Musk's AI company xAI has secured a $500 million investment commitment, with a valuation of at least $15 billion

ChainCatcher news, according to Bloomberg citing informed sources, Musk's artificial intelligence project xAI has secured a $500 million investment commitment, aiming for a total financing amount of $1 billion, with this round of financing valued at least at $15 billion. Terms may still change in the coming weeks. Investors from the former Twitter company X have received priority investment in this round.