Elon Musk’s XAI Raises $6B in Latest Funding Round
Elon Musk’s XAI Raises $6B in Latest Funding Round

Elon Musk’s XAI Raises $6B in Latest Funding Round

  • Elon Musk's xAI raised $6 billion in a funding round, with investors like Andreessen Horowitz and Sequoia Capital participating.

  • Musk claimed xAI's valuation was $18 billion and hinted at upcoming technology updates and products.

  • The funds will be used to launch xAI's first products, develop advanced infrastructure, and research future technologies.

  • Musk issued a hiring call for AI developers who believe in pursuing truth without bias.

  • xAI was formed by Musk after a fallout with OpenAI and released a chatbot called 'Grok' for premium X users.

Source: https://www.forbes.com/sites/siladityaray/2024/05/27/elon-musks-xai-raises-6-billion-in-latest-funding-round/

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