Elon Musk's xAI Secures $6B, Valued at $24B

Elon Musk's AI startup, xAI, has raised $6 billion in a Series B funding round, valuing the company at $24 billion. The funding round saw participation from major investors like Fidelity, Andreessen Horowitz, and Sequoia Capital. xAI's first major product is a large language model called Grok, which is integrated into the premium version of X (formerly Twitter). The company aims to develop advanced AI systems that are beneficial for humanity.