Sources: Elon Musk's xAI has secured $500M in commitments from investors toward a $1B goal and is aiming for a valuation of $15B to $20B (Bloomberg)

Bloomberg:

Sources: Elon Musk’s xAI has secured $500M in commitments from investors toward a $1B goal and is aiming for a valuation of $15B to $20B  —  – Grok maker aims for valuation of at least $15 billion  — Investors in X, formerly Twitter, getting priority in round