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Sep 21, 2025  |  
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 | Remer,MN
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Elon Musk’s artificial intelligence firm xAI will hold a funding round valuing the company at $200 billion, according to CNBC, keeping up with or nearing massive valuations from competitors like Anthropic and OpenAI.

xAI will raise $10 billion in the funding round, CNBC reported, citing unnamed sources who spoke with "Squawk on the Street" co-anchor David Faber.

This is a developing story. Check back for updates.