xAI, the team behind X’s Grok AI chatbot, along with other parts of Musk’s businesses , has received nearly $6 billion in extra funding. Investors include Lightspeed Venture Partners, Andreessen Horowitz, Sequoia Capital, and Tribe Capital.
In the latest funding round, xAI’s is now valued at around $18 billion.
According to the The Financial Times: “The funding deal comes as Musk seeks to secure the financial firepower to catch-up with market leaders OpenAI, Anthropic and Google, all of which have released more powerful generative AI models than xAI. His pitch to investors is that xAI can gain ground thanks to its connection to the other companies he leads, which could provide technol
To continue reading this article you need to be registered with Campaign. Registration is free and only takes a minute. Register Now or sign in below if you already have an account.
Tags:xAI
