Home » Artificial intelligence: Musk’s xAI raises $6 billion in funding

Artificial intelligence: Musk’s xAI raises $6 billion in funding

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Artificial intelligence: Musk’s xAI raises $6 billion in funding

Value between 18 and 24 billion

The firm: The cash might be used to carry xAI’s first merchandise to market, construct superior infrastructure, and speed up analysis and improvement of future applied sciences

27 maggio 2024

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Elon Musk’s synthetic intelligence startup xAI has raised $6 billion in a funding spherical backed by buyers together with Andreessen Horowitz and Sequoia Capital. The firm introduced this in a weblog put up on Sunday.

The cash might be used to carry xAI’s first merchandise to market, construct superior infrastructure, and speed up analysis and improvement of future applied sciences. “There might be extra bulletins within the coming weeks,” Musk stated in a put up on X

The AI ​​race has heated up, with a number of buyers writing large checks to startups seeking to compete with market leaders like OpenAI.

While xAI has not disclosed its worth following the most recent funding spherical, media-reported analysts counsel the corporate is valued at between $18 billion and $24 billion.

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