Elon Musk: xAI pre-investment valuation is $18 billion

Odaily News Elon Musk posted on the X platform that xAI's pre-investment valuation is $18 billion. Earlier today, 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 development of future technologies.