The financing efforts follow new funding rounds by Elon Musk’s xAI and the market leader, OpenAI, which is now valued at $157 billion.
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Elon Musk’s xAI has closed its Series C funding round of $6-billion with participation from key investors including A16Z, Blackrock, Fidelity Management & Research Company, Kingdom Holdings, Lightspeed, MGX, Morgan Stanley OIA, QIA, Sequoia Capital, Valor Equity Partners and Vy Capital. Strategic investors Nvidia and AMD also participated and continue to support xAI in rapidly […]
The financing efforts follow new funding rounds by Elon Musk’s xAI and the market leader, OpenAI, which is now valued at $157 billion.
Tech mogul Elon Musk's artificial intelligence startup nearly doubled its valuation this week, securing about $6 billion in financing.
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