📅 - Elon Musk's artificial intelligence company, xAI, has secured $6 billion in funding, according to a recent regulatory filing with the US Securities and Exchange Commission. The financing round reportedly involved 97 investors, with individual investments starting at $77,593.
While xAI has not disclosed its revenue, valuation, or the identities of its investors, the company was previously valued at $24 billion after closing a $6 billion investment round in May.
Since its founding in 2023, xAI has garnered substantial backing, with prominent investors such as Sequoia Capital and Andreessen Horowitz involved. These firms also have stakes in Musk's other ventures, including X (formerly [...][... Check source for end of article ...]
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