Elon Musk's xAI has raised $6 billion in its latest funding round, pushing its total capital raised to $12 billion at a valuation of $50 billion, reports TechCrunch. The round, which involved 97 investors,

Elon Musk's xAI secures $6B in a Series C with BlackRock, a16z; focuses on AI infrastructure expansion, including Colossus upgrades.

xAI raised $6 billion in May from investors like Andreessen Horowitz, Sequoia Capital, among others. “We have closed our Series C funding round of $6 billion with participation from key investors including A16Z, Blackrock, Fidelity Management & Research ...

Elon Musk's xAI raised USD 6 billion in a Series C round to expand AI infrastructure, develop groundbreaking products, and advance research.

Elon Musk's artificial intelligence company xAI announced on Monday it has secured $6 billion in Series C funding from major technology and financial institutions, marking its second major funding round this year.

Elon Musk's AI startup, xAI, has successfully raised another $6 billion in Series C funding. This funding will be used to enhance their computing infrastructure and more.

With xAI, tech billionaire Elon Musk wants to compete with other AI models. In his most recent financing round, he won over further investors.

Nevertheless, the deals — and xAI’s developer and consumer-facing products — have driven xAI’s revenue to around $100 million a year. For comparison, Anthropic is reportedly on pace to generate $1 billion in revenue this year, and OpenAI is targeting $4 billion by the end of 2024.

Elon Musk's xAI, the startup behind the Grok chatbot and Colossus supercomputer, raised $6 billion in a Series C funding round.

Elon Musk‘s xAI has secured another $6 billion in funding. After landing the same amount in June, the artificial intelligence startup launched by the billionaire businessman – who is the founder of Tesla and SpaceX and CEO of X (formerly Twitter) – has received further investments in its Series C funding round.