Elon Musk's xAI raises $6 billion
Elon Musk's artificial intelligence company xAI said Sunday it has raised $6 billion, helping close the funding gap with OpenAI, Anthropic and other rivals in the red-hot sector.The funds would be used "to bring xAI's first products to market, build advanced infrastructure, and accelerate research and development of future technologies," the company said in a statement.Musk, who founded xAI in July, said in a social media post that the funding round valued the company at $18 billion, not including new money. Investors included Silicon Valley heavyweights Andreessen Horowitz and Sequoia Capital, along with Prince Alwaleed bin Talal of Saudi Arabia.Investors and big tech companies like Google, Meta and Microsoft have poured billions into companies developing artificial intelligence ...