Elon Musk’s xAI raises $6 billion to fund its race towards ChatGPT and all the remaining

Vector illustration of the xAI logo.
The Verge

Elon Musk based xAI final summer season, and at present it introduced elevating $6 billion in funding, saying it should assist carry the startup’s “first merchandise to market, construct superior infrastructure, and speed up the analysis and growth of future applied sciences.”

To date, xAI has launched Grok, a supposedly edgier model of OpenAI’s ChatGPT obtainable by way of X, previously often called Twitter, the place the chatbot is at the moment solely obtainable to X Premium subscribers.

Funding on this spherical got here from a number of sources, in response to xAI, together with Andreessen Horowitz, Sequoia Capital, and Saudi Arabian Prince Al Waleed bin Talal. Final 12 months, a submitting with the Securities and Trade Fee confirmed that xAI was seeking to increase as much as $1 billion in fairness…

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