Elon Musk's xAI is discussing to raise $10 billion that could value the artificial intelligence startup at about $75 billion, Bloomberg News reported on Friday, citing a person familiar with the matter.

Elon Musk’s artificial intelligence company xAI is canvassing potential investors for a roughly $10 billion funding round that would value the company at about $75 billion, according to a person with knowledge of the matter.

Dell Technologies Inc. (NYSE:DELL) is progressing in negotiations to finalize a deal with Elon Musk's artificial intelligence startup, xAI, according to a Friday report by Bloomberg. The deal, estimated to be worth over $5 billion,

Dell Technologies is nearing a deal worth more than $5 billion to provide Elon Musk's xAI with servers optimized for artificial intelligence work, Bloomberg News reported on Friday, citing people familiar with the matter.