Elon Musk’s AI company has raised $6 billion as part of its Series B funding.
The company, called xAI, raised funds from several investors, including Valor Equity Partners, Vy Capital, Andreessen Horowitz, Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding.
With the funding, xAI will bring its first products to market while building advanced infrastructure and ramping up its the research and development of future technologies.
“xAI has made significant strides over the past year,” the company said in a press release announcing its funding. “From the announcement of the company in July 2023, to the release of Grok-1 on X in November, to the recent announcements of the improved Grok-1.5