Elon Musk’s XAI Holdings is in talks with investors to raise roughly $20 billion in funding for his newly combined artificial intelligence startup and social media business, according to people familiar with the matter.

Elon Musk's XAI Holdings is in talks with investors to raise roughly $20 billion in funding for his newly combined artificial intelligence startup and social media business, Bloomberg News reported on Friday,

Elon Musk said Waymo can't compete with Tesla in part due to costs. Ex-Waymo CEO John Krafcik told BI those concerns are "trivial."

Elon Musk's company is suing Minnesota over a law aimed at preventing electoral deepfakes, alleging free speech infringement.

During an April 22 earnings call for Tesla, Elon Musk announced that he would reduce his hours with DOGE, starting next month, to focus on his role as Tesla's CEO. This announcement came a week after the White House press secretary fired back at claims on X, formerly Twitter, that Musk was leaving his position in the coming weeks.

Musk’s departure from the Department of Government Efficiency comes amid layoffs, political backlash, and a push to revitalize Tesla’s AI ambitions.