The AI startup founded by Elon Musk has raised $6 billion in Series C funding. Key investors include NVIDIA, AMD, as well as venture capital funds a16z, Kingdom Holdings and Sequoia, and financial giants Morgan Stanley and BlackRock. As a result of this round, the company's value exceeded $40 billion. Recall that in early 2023, xAI has already raised a similar amount in the Series B round. The funds received will be used to develop the AI infrastructure and improve the company's flagship models. In particular, the startup plans to strengthen competition with the largest players in the industry, including Open Air, through its innovative Grok AI model. xAI was founded in March 2023 and has already established itself as one of the most promising participants in the artificial intelligence market.
