Elon Musk's xAI Secures $6 Billion, Valued at $24 Billion
TL;DR Summary
Elon Musk's AI startup xAI announced it has raised $6 billion in Series B funding, with contributions from Sequoia Capital and Saudi Arabia, bringing its pre-money valuation to $18 billion. This marks the first public acknowledgment of xAI's fundraising efforts, which Musk envisions as a competitor to OpenAI. Musk has criticized OpenAI for deviating from its original nonprofit mission and partnering with Microsoft.
- Elon Musk's XAI Says It Just Raised $6 Billion in Funding Business Insider
- Elon Musk’s xAI firm valued at $24 billion as investors pledge more money CNN
- Elon Musk's xAI valued at $24 bln after fresh funding Reuters
- Musk's xAI Raises $6 Billion in Bid to Challenge OpenAI Bloomberg
- Elon Musk's xAI Raises $6 Billion in Latest Fundraising Round The Wall Street Journal
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