Elon Musk’s xAI has announced a major milestone, securing six billion dollars (£4.7 billion) in a Series B funding round from a consortium of prominent investors. The funds will be instrumental in bringing xAI’s first products to market and accelerating their research efforts. Over the past year, the company claims to have made “significant strides” in developing its technology, with more advancements expected in the coming months.
The high-profile investors contributing to this funding round include Andreessen Horowitz, Sequoia Capital, Fidelity Management & Research, Valor Equity Partners, Vy Capital, Saudi Prince Alwaleed Bin Talal, and Kingdom Holding. Musk shared on the social media platform X that prior to this investment, xAI was valued at 18 billion dollars.
