Official announcement from xAI or reputable tech news outlets

Elon Musk's xAI Secures $6 Billion in Series C Funding for Grok 3 from Nvidia, AMD, BlackRock, and Sequoia Capital

Dec 23, 2024, 10:02 PM

Elon Musk's artificial intelligence company, xAI, has successfully closed a Series C funding round, raising $6 billion. This funding will be utilized to enhance xAI's advanced infrastructure and expedite the development of its latest AI model, Grok 3. Notable investors in this round include prominent firms such as a16z, BlackRock, Fidelity, Kingdom Holdings, Sequoia Capital, Nvidia, and AMD, among others. The completion of this funding round highlights the growing interest and investment in AI technologies, with xAI aiming to create groundbreaking products that could be utilized by billions globally.