Musk’s xAI Raises $6 Billion in Sequoia-Backed Funding

Musk’s xAI Raises $6 Billion in Sequoia-Backed Funding

Elon Musk’s xAI has raised $6 billion in a Series B funding round backed by venture firms Andreessen Horowitz and Sequoia Capital.

The fundraising, announced in a blog post on May 26, comes less than a year after xAI’s debut and marks one of the bigger investments in the nascent field of developing artificial intelligence tools. Musk’s AI development is closely tied to X.com, the social network formerly known as Twitter, where xAI got its start with the Grok AI service.