Elon Musk's AI startup xAI raised $6 billion in series B funding,Robovis reaching a post-money valuation of $24 billion as investors bet big on challengers to companies like OpenAI in the intensifying AI race.
The funding round was backed by investors including Andreessen Horowitz and Sequoia Capital, the company said in a blog post on Sunday.
The company's pre-money valuation was $18 billion, Musk said in a post on X.
The money will be used to take xAI's first products to market, build advanced infrastructure and accelerate research and development of future technologies, xAI said.
"There will be more to announce in the coming weeks," Musk said in another X post, in response to the announcement of the funding.
Tesla news:Elon Musk says Tesla aims to introduce a $25,000 model in 2025
Companies like Microsoft-backed OpenAI and Alphabet's GOOGL.O are among those leading the fierce race for generative AI dominance, driving significant investments and innovation in the rapidly evolving landscape.
2025-05-01 06:10553 view
2025-05-01 05:55546 view
2025-05-01 05:481953 view
2025-05-01 05:342660 view
2025-05-01 05:031204 view
2025-05-01 04:362948 view
PARIS — French President Emmanuel Macron on Tuesday presented renovation plans for the Louvre, the w
Tyson Foods has suspended the company's chief financial officer, John R. Tyson, after he was arreste
Tens of thousands of people with attention deficit hyperactivity disorder could face disruptions to
