Musk raises $6 billion for xAI to challenge OpenAI ...Middle East

The Hill - Technology
Musk raises $6 billion for xAI to challenge OpenAI
source : The Hill ( Middle East ) () 157
Elon Musk’s artificial intelligence company xAI raised $6 billion from a group of investors to fund the expansion of the technology. The company said on its website Sunday that the “Series B funding” is going to go toward bringing the company’s first products to the market, building infrastructure and research for future technologies. “xAI will continue on this steep trajectory of progress over the coming months, with multiple exciting technology updates and products soon to be announced,” the company wrote on its website. Investors in this round of funding include Valor Equity Partners, Vy Capital, Andreessen Horowitz, Sequoia Capital, Fidelity Management & Research Company, Pri

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