Elon Musk’s AI startup xAI raises $6 bn in VC funding

Elon Musk’s AI startup xAI has raised $6 billion in series B funding.
Dollar spending on technologyThe VC funding round was backed by investors including Andreessen Horowitz and Sequoia Capital.

The company’s pre-money valuation was $18 billion, Elon Musk said in a post on X.

The artificial intelligence startup will use the funds to take xAI’s first products to market, build advanced infrastructure and accelerate research and development of future technologies.

“There will be more to announce in the coming weeks,” Elon Musk said in another X post.

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