Elon Musk’s xAI, a formidable competitor to OpenAI, has secured a substantial $6 billion in funding, boasting a pre-money valuation of $18 billion. Investors, including Sequoia Capital, Future Ventures, Valor Equity Partners, and Gigafund, will collectively own a quarter of the company. Musk’s ambitious vision extends beyond xAI’s standalone potential, aiming to seamlessly integrate its […]
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Last modified: April 26, 2024
