Elon Musk's xAI Holdings is in discussions with investors to raise about $20 billion, Bloomberg News reported Friday. The funding would value the company at over $120 billion, according to the report.

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, according to people familiar with the matter.

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,

Elon Musk’s Department of Government Efficiency has been Donald Trump’s battering ram during the president’s first 100 days, slashing the federal government and trying to bend its remnants to Trump’s will.

Musk’s departure from the Department of Government Efficiency comes amid layoffs, political backlash, and a push to revitalize Tesla’s AI ambitions.

Elon Musk said he’ll keep working with the Trump administration to make sure the alleged waste tackled by the Department of Government Efficiency “does not come roaring back.” He said he still