Reported 4 months ago
Elon Musk's artificial intelligence startup xAI has secured $6 billion in Series B funding, raising its valuation to $24 billion. The funding round included investors like Valor Equity Partners, Vy Capital, and Andreessen Horowitz. xAI plans to use the funds for product development, infrastructure building, and future technology research. Musk announced the funding on X, mentioning a pre-money valuation of $18 billion and hinting at upcoming announcements. xAI, launched as a competitor to OpenAI, aims to recruit talented individuals to impact the future of humanity.
Source: YAHOO