02:30 PM EDT, 09/19/2025 (MT Newswires) -- (Updates with additional details in the second and third paragraphs.)

Elon Musk's artificial intelligence company xAI has raised $10 billion from investors, putting the company's post-money valuation at $200 billion, CNBC reported Friday, citing sources.

Proceeds from the latest round may go towards building data centers and hiring talent, the report said, adding that xAI is presently building a cluster of AI computers in Memphis, Tennessee.

In March, Musk said xAI merged with his social network X, in an all-stock transaction that valued the AI company at about $80 billion and X at $33 billion, CNBC said.

xAI did not immediately respond to MT Newswires' request for comment.

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