Elon Musk’s artificial intelligence company xAI announced the completion of a $6 billion Series B financing round, with participation from Valor Equity Partners, Vy Capital, Andreessen Horowitz (a16z), Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding.
Proceeds from this financing will be used to bring xAI’s first products to market, build advanced infrastructure, and accelerate research and development of future technologies.
In the coming months, xAI will continue on its path of rapid advancement and will soon announce several exciting technology updates and products.
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