CoinVoice has recently learned that Elon Musk's AI startup xAI is in talks for a new round of financing, with a valuation possibly rising to $120 billion, a significant increase from March's $80 billion. Investors are discussing a financing amount of about $20 billion.

Previously, Musk sold the social platform X to xAI entirely in stock, deeply integrating the businesses of both. xAI's chatbot Gro k is trained on user data from the X platform and contributes a portion of its revenue to X. This round of financing comes right after OpenAI announced the completion of a $300 billion valuation financing.