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Elon Musk's AI company xAI completes $6 billion Series B financing, with participation from a16z and others
2024-05-27 05:35
Odaily News Elon Musk's artificial intelligence company xAI announced the completion of a $6 billion Series B financing round, with participation from Valor Equity Partners, Vy Capital, Andreessen Horowitz (a16z), Sequoia Capital, Fidelity Management & Research Company, Saudi Arabian Prince Alwaleed Bin Talal and his Kingdom Holding. This round of financing will be used to bring xAI's first products to market, build advanced infrastructure, and accelerate the research and development of future technologies.