PANews October 30 news, according to Jiemian News citing the Wall Street Journal, informed sources revealed that Elon Musk's xAI company is in talks with investors for a new round of financing, with a valuation expected to reach around $40 billion. Just a few months ago, the startup's last valuation was $24 billion, when it raised $6 billion in spring funding. Informed sources said that xAI hopes to raise several billion dollars in the new round of financing, and the cash raised will count towards the $40 billion valuation. The financing discussions are still in the early stages, which means terms may change, and negotiations could break down.