Elon Musk’s xAI raises $6B to bolster battle against OpenAI

Elon Musk’s xAI raises $6B to bolster battle against OpenAI: ‘Gonna need a bigger compute!’
Elon Musk’s artificial intelligence startup xAI revealed that it raised $6 billion in its latest funding round as the startup continues to ramp up in its battle against bitter rival OpenAI.
Elon Musk’s xAI Raises $6 Billion in New Funding
A lot of compute is needed,” Mr. Musk said in a post about the financing, in which BlackRock, Fidelity and Sequoia participated.
Elon Musk’s xAI lands $6B in new cash to fuel AI ambitions
Nevertheless, the deals — and xAI’s developer and consumer-facing products — have driven xAI’s revenue to around $100 million a year. For comparison, Anthropic is reportedly on pace to generate $1 billion in revenue this year, and OpenAI is targeting $4 billion by the end of 2024.
xAI’s Latest $6 Billion Funding Round Positions Musk’s AI Firm for Global Leadership
Elon Musk's AI startup xAI raises $6 billion in its latest funding round, pushing its valuation to $45 billion.
Elon Musk’s xAI lands $6 billion funding breakthrough
The development of Aurora, xAI’s image generation system, enters a rapidly growing market for AI-generated content, which is projected to reach $110 billion by 2030. Early demonstrations of Aurora have shown promising results in creating highly detailed and contextually accurate images.
BlackRock, a16z back Elon Musk's xAI in $6B funding round
Elon Musk's xAI secures $6B in a Series C with BlackRock, a16z; focuses on AI infrastructure expansion, including Colossus upgrades.
Meet the power players at Elon Musk's xAI, the startup taking on OpenAI with its Grok chatbot
Meet the key figures at Elon Musk's xAI, the $50 billion startup behind the chatbot Grok that's taking on ChatGPT.
Elon Musk’s artificial intelligence startup xAI says raised RM27b more in latest funding round
Billionaire tech mogul Elon Musk’s startup xAI said it had raised US$6 billion (RM27 billion) from investors in its latest funding round, as it battles
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xAI secures an additional $6 billion from a16z, Nvidia, QIA, and others
In a series C investment round, Elon Musk’s artificial intelligence venture xAI raised $6 billion. This adds to the $6 ...
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The sovereign wealth fund of the Sultanate of Oman, Oman Investment Authority (OIA), has invested in Elon Musk’s artificial ...
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xAI Tests iOS App for its AI Chatbot Grok
AI, is taking its chatbot Grok beyond X's platform with the beta testing of a dedicated iOS application, as per a TechCrunch ...
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What is Explainable artificial intelligence (XAI)
Explainable artificial intelligence (XAI) is a set of processes and methods that allows human users to comprehend and trust ...