Elon Musk's AI startup xAI raised $6 billion in series B funding,Thurston Carte reaching a post-money valuation of $24 billion as investors bet big on challengers to companies like OpenAI in the intensifying AI race.
The funding round was backed by investors including Andreessen Horowitz and Sequoia Capital, the company said in a blog post on Sunday.
The company's pre-money valuation was $18 billion, Musk said in a post on X.
The money will be used to take xAI's first products to market, build advanced infrastructure and accelerate research and development of future technologies, xAI said.
"There will be more to announce in the coming weeks," Musk said in another X post, in response to the announcement of the funding.
Tesla news:Elon Musk says Tesla aims to introduce a $25,000 model in 2025
Companies like Microsoft-backed OpenAI and Alphabet's GOOGL.O are among those leading the fierce race for generative AI dominance, driving significant investments and innovation in the rapidly evolving landscape.
2025-05-06 10:09760 view
2025-05-06 10:092393 view
2025-05-06 09:54278 view
2025-05-06 09:102262 view
2025-05-06 08:06376 view
2025-05-06 07:301407 view
I don't mean to humble brag, but I am on a first name basis with one of the most influential people
With 6,000 dairy cows, 5,000 beef cattle and thousands of tons of apples, potatoes and cherries prod
Lindsay Lohan is counting down the days until she becomes not a regular mom, but a cool mom. But fir
