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Sources: xAI prepares a new fundraising round, its third in two months, targeting a valuation of $170B to $200B, up 10x from its May 2024 valuation of $18B (Financial Times) Main Link | Techmeme Permalink

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Normally your VCs and Board would question why your financial and operations leaders had such poor grasp on your expenditures that you’d need three raises in two months, but with Elon it’s just - “you do you”