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Oct 30, 2024

Elon Musk’s xAI Eyes New Funding at $40 Billion Valuation as AI Race Intensifies

Posted by in categories: Elon Musk, robotics/AI

This was first reported by the Wall Street Journal. This comes after the company recently received a fundraise of $6 billion in a Series B round. The company said in a statement that the funding saw participation from several key investors, including Valor Equity Partners, Vy Capital, Andreessen Horowitz, Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal, Kingdom Holding, and others.

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