Elon Musk’s synthetic intelligence enterprise, xAI, is on the cusp of securing a funding spherical that will worth the corporate at $18 billion, reviews Bloomberg. The surge in funding mirrors the heightened competitors within the AI sector, with xAI competing in opposition to rivals like OpenAI and Anthropic and tech giants like Meta, Microsoft, and Google. Nonetheless, the main points on the funding spherical, anticipated to shut imminently, continues to be fluid. Traders like Sequoia Capital are drawn to Musk’s observe file at Tesla and SpaceX, in addition to xAI’s connection to Musk’s social media platform X, a invaluable knowledge supply for coaching AI fashions.