Billionaire Elon Musk’s AI startup xAi has raised the amount of $6 billion in series B funding supported by investors like Valor Equity Partners, Sequoia Capital, and Andreessen Horowitz among a host of investors.
The funds generated will be used to boost xAI incept products to the market, build advanced infrastructure, and facilitate research and development of future technologies.
xAI since its launching in 2023 has made a significant imprint in the advancement of technologies and AI with the creation of Grok-1.5 with image understanding.
Following the announcement of the fund raised, X CEO Elon Musk disclosed that “There will be more to announce in the coming weeks.”
Since the launching of xAI into the market, the race for mastery in AI advancement has heated up between Elon Musk and OpenAI who are currently leading the AI market significantly.