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Elon Musk's xAI raises $5 billion, doubling valuation to $50 billion

Elon Musk's xAI raises $5 billion, doubling valuation to $50 billion

Nov 21, 2024, at 10:34 pm

California/IBNS: Elon Musk’s artificial intelligence (AI) startup xAI has secured $5 billion in a fresh funding round, boosting its valuation to $50 billion, according to a report by the Wall Street Journal on Wednesday (Nov. 20). 

Tech entrepreneur Elon Musk's xAI raises USD 6 billion to develop artificial intelligence

Tech entrepreneur Elon Musk's xAI raises USD 6 billion to develop artificial intelligence

May 29, 2024, at 03:04 pm

Entrepreneur Elon Musk's AI startup xAI has raised USD 6 billion in series B funding, a development that might pose a possible challenge to Sam Altman's Open AI.