Elon Musk's xAI is preparing to raise more money from investors in a deal that could value the artificial-intelligence company as high as $200 billion, the Financial Times reported on Friday, citing people close to the talks.

Elon Musk’s xAI is preparing to raise more money from investors in a deal that could value the artificial intelligence company as high as $200bn — 10 times its value early last year, according to people close to the talks.

Elon Musk’s AI company, xAI, late on Wednesday released its latest flagship AI model, Grok 4, and unveiled a new $300-per-month AI subscription plan, SuperGrok Heavy. Grok is xAI’s answer to models like OpenAI’s ChatGPT and Google’s Gemini,