Elon Musk’s artificial intelligence startup xAI has secured $6 billion in fresh capital, capping off a funding round that values the company at over $40 billion.
Bloomberg reports that in a major milestone, Elon Musk’s artificial intelligence venture xAI has raised an additional $6 billion from investors, according to a recent regulatory filing with the SEC. The successful completion of this funding round propels the startup’s valuation to more than $40 billion, cementing its position as one of the most valuable AI companies in the world.
The new capital injection came from a diverse group of 97 investors, with individual stakes ranging from as little as $77,593 to much larger amounts. While the filing did not disclose the names of the investors or provide specifics on the company’s valuation and revenue, it underscores the growing interest and confidence in xAI’s…
