Elon Musk’s AI Startup xAI Valued at $24 Billion After Fresh Investment Round


Elon Musk’s AI startup xAI raked in $6 billion in a series B funding round. The post-money valuation of xAI reaches $24 billion. As the AI race intensifies, investors are betting big on competing with top players like OpenAI.

Andreessen Horowitz and Sequoia Capital were the investors that backed the funding round. The organization’s valuation was $18 billion before the funding round.

Also Read: Upskilling DevOps is a Key to Building a Resilient Organization

xAI will utilize the funds to bring their first products to the market, develop advanced infrastructure, and boost their research and development of modern technologies. Players like Microsoft-backed OpenAI and Alphabet make the generative AI competition more fierce. Hence, there is a significant amount of funding and innovation in this competitive market.

Read More: Elon Musk’s xAI valued at $24 bln 

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.