Elon Musk's xAI Wraps Up $6 Billion in Funding in Latest Round
2 weeks, 2 days ago

Elon Musk's xAI Wraps Up $6 Billion in Funding in Latest Round

Deccan Chronicle  

Elon Musk’s xAI has raised $6 billion in new capital, according to a regulatory filing, wrapping up a funding round that has been in the works for months and was said to value the artificial intelligence startup at more than $40 billion. Bloomberg News reported in October that xAI was seeking new funding at a $40 billion valuation, not including dollars raised. The company closed a separate $6 billion funding round in May, which then valued the business at $24 billion including cash raised. Many of xAI’s current investors, including Sequoia Capital and Andreessen Horowitz, are also investors in Musk’s X and some of his other businesses.

History of this topic

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