Elon Musk’s artificial intelligence (AI) startup xAI reportedly raised $5 billion in a funding round, valuing the company at $50 billion. The new financing brings the total amount raised by xAI this year to $11 billion, the Wall Street Journal (WSJ) reported Wednesday (Nov. 20). The funding round also more than doubled xAI’s valuation, which was gauged […] The post Report: Elon Musk’s xAI Raises $5 Billion and Doubles Valuation appeared first on PYMNTS.com.