Elon Musk’s AI company xAI has raised $6 billion in a Series C funding round. Major investors including Andreessen Horowitz, BlackRock, Fidelity, Lightspeed, Sequoia Capital, NVIDIA, and AMD participated in the investment, while Saudi Arabia’s Kingdom Holdings invested about $400 million. The investment nearly doubles xAI’s valuation to $45 billion. xAI said it plans to use the funds to accelerate R&D and launch innovative products.
xAI Raises Additional $6 Billion in Investment
