Elon Musk’s xAI Secures $6B in Latest Funding Round to Propel AI Development
Elon Musk's artificial intelligence firm, xAI, has successfully raised $6 billion in a Series C funding round, bringing its total capital to $12 billion. Major investors include Andreessen Horowitz, Blackrock, and Kingdom Holdings, which contributed approximately $400 million. This funding boosts xAI's valuation to $45 billion, nearly double its previous worth. The funds will accelerate infrastructure development and the launch of new consumer and enterprise products. xAI aims to enhance its generative AI model, Grok, and expand its integration with Musk's other ventures, including Tesla and SpaceX.
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