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- 🎉 The #CandyDrop Futures Challenge is live — join now to share a 6 BTC prize pool!
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Musk's XAI Holdings is negotiating a $20 billion financing, with a valuation possibly exceeding $120 billion.
According to ChainCatcher news and Bloomberg reports, Elon Musk's XAI holding company is in talks with investors to raise about $20 billion for its newly merged artificial intelligence and social media business. Insiders reveal that if the deal is completed, the company's valuation will exceed $120 billion, making it the second largest startup funding round in history, only behind OpenAI's $40 billion funding earlier this year.