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Elon Musk’s xAI Raises $6 Billion To Support Its AI Aspirations

According to the filing, investors contributed at least $77,593 (97 people participated, however their identities are not disclosed in the document). Later, Andreessen Horowitz, Blackrock, Fidelity, Kingdom Holdings, Lightspeed, MGX, Morgan Stanley, OIA, QIA, Sequoia Capital, Valor Equity Partners, Vy Capital, Nvidia, AMD, and others were listed by xAI. That is confirmed by some of the earlier reports.

The additional funding adds to the $6 billion tranche that xAI raised last spring. That brings the total amount raised to $12 billion. In November, CNBC revealed that xAI was looking for a $50 billion valuation. That would treble its previous six-month estimate.

The Financial Times claims that only investors who had supported xAI in its prior fundraising round were allowed to take part in this one. According to reports, up to 25% of xAI’s shares were made available to investors who contributed to Musk’s acquisition of Twitter.

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