[Sources: xAI Plans to Raise $15 Billion, Valuation Reaches $230 Billion] BlockBeats News, November 19, according to a report by The Wall Street Journal, sources revealed that Elon Musk's artificial intelligence company xAI is in advanced negotiations to raise $15 billion at a valuation of $230 billion. This valuation marks a significant leap from the $113 billion valuation disclosed in March this year when it merged with Musk's social media platform X. Sources stated that Musk's private wealth manager, Jared Birchall, disclosed the terms of this fundraising to investors on Tuesday evening. It is currently unclear whether the valuation is pre-money or post-money. CNBC reported on xAI's fundraising plans last week. Following the report, Musk replied "fake" to a user's post about the news on X, sparking external speculation. According to reports, after concluding his collaborative affairs with the U.S. government, Musk has shifted his primary focus to xAI, striving to position it as a core player in the global AI sector. (Jin10)