Artificial intelligence: Musk's xAI raises $6 billion in funding | EUROtoday
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The firm: The cash might be used to convey xAI's first merchandise to market, construct superior infrastructure, and speed up analysis and improvement of future applied sciences
Elon Musk's synthetic intelligence startup xAI has raised $6 billion in a funding spherical backed by traders together with Andreessen Horowitz and Sequoia Capital. The firm introduced this in a weblog submit on Sunday.
The cash might be used to convey xAI's first merchandise to market, construct superior infrastructure, and speed up analysis and improvement of future applied sciences. “There will be more announcements in the coming weeks,” Musk stated in a submit on X
The AI race has heated up, with a number of traders writing massive checks to startups seeking to compete with market leaders like OpenAI.
While xAI has not disclosed its worth following the newest funding spherical, media-reported analysts counsel the corporate is valued at between $18 billion and $24 billion.
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