Elon Musk's xAI Secures $6 Billion from 97 Investors, Targets $50 Billion Valuation

Dec 5, 2024, 08:15 PM

Elon Musk's artificial intelligence startup, xAI, has raised an additional $6 billion in funding, bringing its total capital raised to $12 billion. The company, aiming for a $50 billion valuation, secured the funds from 97 investors, as disclosed in a U.S. Securities and Exchange Commission (SEC) filing. The new investment will fuel xAI's ambitions in the AI sector.