Elon Musk’s artificial intelligence company xAI received $ 6 billion investment

Elon Musk‘s artificial intelligence company xAIWe informed you last December that ‘s search for an investment of 1 billion dollars. we had transferred. A new update shared by xAI today. to explain According to the company, it raised much more than the investment amount it sought.

According to the information shared, xAI received an investment of $ 6 billion in the B series investment round. Among the participants of xAI’s $6 billion series B investment round Valor Equity Partners, Vy Capital, Andreessen Horowitz, Sequoia Capital, Fidelity, Suudi Prens Alwaleed Bin Talal ve Kingdom Holding It is located.

Valuation of xAI company with the new investment of $ 6 billion to 24 billion dollars reached. For comparison, the company’s pre-investment valuation was around $18 billion. According to the information in the statement, the new investment of 6 billion dollars will be used to introduce the company’s products to the market, create an advanced infrastructure and accelerate its R&D studies.

We will also inform you that xAI will develop a supercomputer to support Grok. we had transferred. It will not be a surprise that a significant part of the investment in question will be used for this move.

Founded in the USA by Elon Musk in July 2023, xAI stands out as an artificial intelligence company. Competing with artificial intelligence-focused companies such as OpenAI, Google, Anthropic and Mistral AI, xAI is a ChatGPT rival artificial intelligence solution. GrokIt debuted last November.

xAI, which has not yet completed its first year, has received a large investment in a short time. Competitors of the company OpenAI’s $11 billion, Anthropic has 7 billion dollars Let us also remind you that love takes investment. Time will tell whether Grok, which currently seems to be behind its competitors, will turn into a more successful solution in the future.