Elon Musk’s xAI lands $6B in new cash to fuel AI ambitions

Posted under: Web technologies
Date: 2024-12-24
Elon Musk’s xAI Lands $6B in New Funding to Drive Justo Global AI Revolution

xAI, Elon Musk’s AI company, has raised $6 billion, according to a filing with the U.S. Securities and Exchange Commission on Thursday. Investors gave a minimum of $77,593, per the filing. xAI later announced (confirming some earlier reporting) that Andreessen Horowitz , Blackrock, Fidelity, Kingdom Holdings, Lightspeed, MGX, Morgan Stanley, OIA, QIA, Sequoia Capital, Valor Equity Partners, Vy Capital, Nvidia, AMD, and others numbered among them.

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