Last updated May 28, 2024
Elon Musk's artificial intelligence startup, xAI, has successfully raised $6 billion in a Series B funding round, valuing the company at $24 billion post-money. This funding round saw participation from prominent investors including Andreessen Horowitz, Sequoia Capital, and Kingdom Holding, led by Saudi Prince Alwaleed Bin Talal. The investment will be used to develop xAI's AI chatbot Grok and to build a supercomputer powered by up to 100,000 Nvidia H100 GPUs, making xAI the second-most valuable generative AI company globally, trailing only OpenAI.
This story is a summary of posts on X and may evolve over time. Grok can make mistakes, verify its outputs.