Investors in talks to help Elon Musk's xAI raise $3 billion, WSJ reports

FILE PHOTO: Tesla CEO Elon Musk attends a conference organized by the European Jewish Association, in Krakow, Poland, January 22, 2024. REUTERS/Lukasz Glowala/File Photo

(Reuters) -Investors close to Elon Musk are in talks to help his artificial-intelligence startup xAI raise $3 billion in a round that would value the company at $18 billion, the Wall Street Journal reported on Friday.

Venture capital firm Gigafund, and Steve Jurvetson are among the backers considering investing in the round, the report said, citing people familiar with the matter.