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Elon Musk’s xAI Raises $6 Billion in Funding
Elon Musk’s AI company, xAI, raised another $6 billion in funding, according to a report from TechCrunch citing the U.S. Securities and Exchange Commission.
Key Investors in xAI
The filing revealed that nearly 100 investors contributed a minimum of $77,593 each. While the investors were not named, xAI mentioned in a press release that notable backers included A16Z, Blackrock, Fidelity Management & Research Company, Kingdom Holdings, Lightspeed, MGX, Morgan Stanley, OIA, QIA, Sequoia Capital, Valor Equity Partners, Vy Capital, and others.
Grok 3 and Future Plans
xAI is currently working on its most powerful model, Grok 3. The company is focused on introducing new consumer and enterprise products that will utilize Grok, Colossus, and X to revolutionize daily life. The latest funding round will support the development of advanced infrastructure, groundbreaking products for billions of users, and future technologies to fulfill xAI’s mission of exploring the universe’s true essence.
