Current：Home > FinanceElon Musk's xAI startup raises $24 billion in funding -ProfitPoint
Elon Musk's xAI startup raises $24 billion in funding
View
Date：2025-04-14 05:30:21
Elon Musk's AI startup xAI raised $6 billion in series B funding, reaching a post-money valuation of $24 billion as investors bet big on challengers to companies like OpenAI in the intensifying AI race.
The funding round was backed by investors including Andreessen Horowitz and Sequoia Capital, the company said in a blog post on Sunday.
The company's pre-money valuation was $18 billion, Musk said in a post on X.
The money will be used to take xAI's first products to market, build advanced infrastructure and accelerate research and development of future technologies, xAI said.
"There will be more to announce in the coming weeks," Musk said in another X post, in response to the announcement of the funding.
Tesla news:Elon Musk says Tesla aims to introduce a $25,000 model in 2025
Companies like Microsoft-backed OpenAI and Alphabet's GOOGL.O are among those leading the fierce race for generative AI dominance, driving significant investments and innovation in the rapidly evolving landscape.
veryGood！ (37694)
Related
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- Love and Marriage: Huntsville Star KeKe Jabbar Dead at 42
- Trump sentencing delayed as judge in hush money case weighs Supreme Court immunity ruling
- Suki Waterhouse stars on British Vogue cover with her baby, talks ex Bradley Cooper
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- Stock market today: Asian shares mostly rise, boosted by Wall Street records as Tesla zooms
- Angel Reese cries tears of joy after finding out she's an All-Star: 'I'm just so happy'
- Patients on these antidepressants were more likely to gain weight, study says
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- Hurricane Beryl roars toward Jamaica after killing at least 6 people in the southeast Caribbean
Ranking
- New data highlights 'achievement gap' for students in the US
- Stampede at religious event in India kills more than 100, mostly women and children
- ICE created a fake university. Students can now sue the U.S. for it, appellate court rules
- Ann Wilson shares cancer diagnosis, says Heart concert tour is postponed: 'This is merely a pause'
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Tempur Sealy's $4 billion purchase of Mattress Firm challenged by FTC
- Where Kyle Richards and Mauricio Umansky Stand One Year After Their Breakup
- 'Y'all this is happening right now at the Publix': Video shows sneaky alligator hiding under shopping carts
Recommendation
'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
At 17 years old, he was paralyzed from the waist down. 3 years later, he competed in a marathon.
Bronny James says he can handle ‘amplified’ pressure of playing for Lakers with his famous father
High court passes on case of Georgia man on death row who says Black jurors were wrongly purged
Former Syrian official arrested in California who oversaw prison charged with torture
Rhode Island tackles housing shortage by making it easier to add rental units on to homes
Taylor Swift, Travis Kelce and the dawn of the 'hard launch summer'
How a ‘once in a century’ broadband investment plan could go wrong