Elon Musk’s startup xAI raises $6B in new funding round to challenge Grok rival ChatGPT
Elon Musk’s startup xAI raises $6B in new funding round to challenge Grok rival ChatGPT | Elon Musk is escalating the artificial intelligence arms race against his former colleagues at OpenAI by amassing cash for his own AI startup. NY Post reporter Ariel Zilber shares this story.
The Tesla mogul’s firm xAI — which powers the snarky Grok chatbot — announced on Sunday that it raised $6 billion in a fresh round of fundraising — soliciting investments from venture capital giants such as Andreessen Horowitz and Sequoia Capital, as well as Saudi Prince al-Waleed bin Talal.
The firm had a pre-money valuation of $18 billion, Musk said on X, meaning the latest round will push the startup’s valuation to $24 billion.
Read more at https://nypost.com/2024/05/27/busines...
-
1:15
B.C. Begley
2 months agoElon Musk’s xAI firm valued at $24 billion as investors pledge more money
58 -
6:25
Innovations27
2 months agoElon Musk's $56 Billion Dilemma: Should Shareholders Say No?
91 -
1:11:58
Crazy Cryptonaut
2 months agoXRP and Trump Team Up! Crypto, AI, and a New Partnership!
327 -
2:51
AI Absolutist
2 months agoElon Musk Raises $6 BILLION for "Anti-Woke" AI
4 -
2:12
Meta Stats
1 month agoTop AI Startup Hotspots: Which Country Leads the Innovation Game?
91 -
0:53
NextNewsNetwork
2 months agoMusk's xAI Secures $6B, Eyes OpenAI's Title
567 -
6:21
Studio64Productions
2 months agoElon Musk Criticizes US Tariffs on China
6 -
56:44
Investor Financing Podcast
2 months agoAccelerate Your Business Goals: Highlights from Our Business Ownership Launch Event!
11 -
38:43
erjarecki
2 months agoElevate Your Business! Insights from Tech Visionary Ean Mikale on Elevating Your Enterprise
7 -
27:59
Aaron Henriques
2 months agoWhy I pivoted my $12,000 Dubai Free Zone startup business | Ep 17
9