Elon Musk's xAI Secures $6 Billion, Total Funding Exceeds $11 Billion

Dec 9, 2024, 10:14 AM

Elon Musk's xAI has raised $6 billion in its latest funding round, contributing to a total of over $11 billion raised by the company. This marks a significant milestone in the competitive artificial intelligence industry. The funding will be used to scale its supercomputing capabilities, including a supercomputer in Memphis equipped with over 1 million GPUs. This development positions xAI as a formidable competitor to OpenAI, led by Sam Altman, in the race to dominate the generative AI market.