6 months, 3 weeks ago
Elon Musk's xAI raises $6 billion in Series B funding round
Hindustan TimesElon Musk's artificial intelligence startup xAI has raised $6 billion in a Series B funding round backed by investors including Andreessen Horowitz and Sequoia Capital among others, the company said in a blog post on Sunday. Tech billionaire Elon Musk arrives at Ngurah Rai International airport in Denpasar on Indonesia's Bali island. 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. Though xAI did not say what it was valued at after the latest round of funding, other media reports previously suggested the company would be valued at between $18 billion and $24 billion.
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