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Elon Musk's xAI lands $6B in new cash to fuel AI ambitions

Elon Musk's AI company, xAI, has raised billions of dollars in new cash at double its previous valuation.

xAI, Elon Musk’s AI company, has raised $6 billion, according to a filing with the U.S. Securities and Exchange Commission on Thursday.

Investors gave a minimum of $77,593, per the filing (97 participated, but the document doesn’t reveal their identities). xAI later announced (confirming some earlier reporting) that Andreessen Horowitz , Blackrock, Fidelity, Kingdom Holdings, Lightspeed, MGX, Morgan Stanley, OIA, QIA, Sequoia Capital, Valor Equity Partners, Vy Capital, Nvidia, AMD, and others numbered among them.

#xai #elonmusk #ai #funding