Elon Musk has denied reports that his artificial intelligence firm xAI is in talks to raise up to $6 billion in funding. Musk stated that xAI is not raising capital and he has had no conversations with anyone regarding funding. This comes in response to a media report that claimed xAI was seeking funding at a valuation of $20 billion. The AI industry has seen increased investor interest, but Musk has not confirmed any funding plans for xAI.