Elon Musk's AI Company XAI To Raise $6 Billion: Report
NEW DELHI — Taking on Sam Altman-run OpenAI, Elon Musk-run xAI is reportedly raising at least $6 billion at a valuation of about $18 billion.
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NEW DELHI — Taking on Sam Altman-run OpenAI, Elon Musk-run xAI is reportedly raising at least $6 billion at a valuation of about $18 billion.
The subsidiary of Chinese e-commerce giant PDD is already the most popular shopping app in the U.S. on both Android and Apple devices.
As of last weekend, Jared Birchall, who heads Musk's family office, was telling prospective investors that xAI was raising $3 billion at a $15 billion pre-money valuation. Sequoia Capital and Future Ventures, the venture fund co-founded by Musk’s longtime friend Steve Jurvetson, are participating in the round. Other participants are likely to include Valor Equity Partners and Gigafund, whose founders are also part of the inner circle of Musk, who famously blends the personal and the private.
Taking on Sam Altman-run OpenAI, Elon Musk-run xAI is reportedly raising at least $6 billion at a valuation of about $18 billion.The 10-month-old company by the tech billionaire, which has unveiled an AI chatbot called 'Grok', is expected to ...
New Delhi, April 26 (IANS) Taking on Sam Altman-run OpenAI, Elon Musk-run xAI is reportedly raising at least $6 billion at a valuation of about $18 billion.