#xAI raised fund to $6 billion

Elon Musk's AI startup xAI has recently raised $6 billion in Series B funding, leading to a post-money valuation of $24 billion. The funding round was supported by investors like Andreessen Horowitz and Sequoia Capital. Musk stated that the funds will be used to launch xAI's initial products, develop advanced infrastructure, and accelerate research and development of future technologies. xAI, founded by Musk last summer, aims to compete with companies like #OpenAI in the #AI race.😮Let's see....

#ITNews | Source | @Tech_maker