PANews reported on April 22 that according to CNBC, citing people familiar with the matter, Musk said in a conference call with xAI investors last week that he was considering giving his artificial intelligence startup xAI "appropriate value." Although Musk did not officially announce an upcoming new round of financing, sources believe that this remark indicates that xAI is preparing for a large round of financing in the near future. The company also discussed the goal of revenue of $1 billion or more in the conference call. Sources believe that Musk's appearance in the xAI conference call may be a signal that he is refocusing on his business entities. The report also pointed out that Tesla, where Musk is the CEO, has seen its stock price fall 40% this year, which may raise questions about his management capabilities.
Musk may consider a new round of financing for xAI to give it "appropriate value"
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