Elon Musk’s startup xAI raises $6B in new funding round to challenge Grok rival ChatGPT

Elon Musk’s startup xAI raises $6B in new funding round to challenge Grok rival ChatGPT | Elon Musk is escalating the artificial intelligence arms race against his former colleagues at OpenAI by amassing cash for his own AI startup. NY Post reporter Ariel Zilber shares this story.

The Tesla mogul’s firm xAI — which powers the snarky Grok chatbot — announced on Sunday that it raised $6 billion in a fresh round of fundraising — soliciting investments from venture capital giants such as Andreessen Horowitz and Sequoia Capital, as well as Saudi Prince al-Waleed bin Talal.

The firm had a pre-money valuation of $18 billion, Musk said on X, meaning the latest round will push the startup’s valuation to $24 billion.

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