Elon Musk’s artificial intelligence company xAI reached a valuation of $ 50 billion in its new investment round

Elon Musk’s artificial intelligence company xAI increased its valuation to $50 billion with the new investment of $5 billion. Information shared by The Wall Street Journal according to; Valor Equity Partners, Sequoia Capital, Andreessen Horowitz and Qatar’s sovereign wealth fund Qatar Investment Authority also participated in the latest investment round. With this new investment round, the total investment amount xAI received this year reached 11 billion dollars.

Grok developer xAI in May received an investment of 6 billion dollars let’s remind. Participants in xAI’s $6 billion series B investment round included Valor Equity Partners, Vy Capital, Andreessen Horowitz, Sequoia Capital, Fidelity, Saudi Prince Alwaleed Bin Talal and Kingdom Holding. In this investment round, which took place in May, xAI’s valuation was determined as 24 billion dollars.

The increase in valuation may be related to the increased interest in Elon Musk’s companies following Donald Trump’s recent election to the presidency. Musk was one of Trump’s biggest donors and supporters and is now on Trump’s transition team. Even Donald Trump Elon Musk ve Vivek Ramaswamy’i “Department of Government Efficiency” (DOGE) oHe announced that he was the head of a new formation called.

According to xAI, which started operating in July 2023; The company announced its new $5 billion investment in technology used to train artificial intelligence models. Purchase of 100 thousand Nvidia microchips plans to use it to finance Additionally, the company stated that its annual revenue reached 100 million dollars. xAI, artificial intelligence models in August Grok-2 ve Grok-2 miniHe published . In October, Elon Musk announced on the social media platform introduced a new API.