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Musk's xAI Holdings is reportedly raising the second-largest private funding round ever | TechCrunch

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xAI Holdings is in talks to raise $20 billion in fresh funding, according to a new report.

The deal would be the second -largest startup funding round ever, behind only OpenAI ’s $40 billion raise last month .

The funding could help alleviate the company's substantial debt burden, which is costing it $200 million monthly in servicing fees.