Elon Musk’s xAI gets $6B in new funding and announces valuation

Billionaire Elon Musk’s artificial intelligence (AI) startup xAI announced Sunday that the company raised $6 billion in Series B funding that lifts the company’s valuation to $24 billion after the investment.

Among the investors in xAI’s $6 billion Series B round were Valor Equity Partners, Vy Capital, Andreessen Horowitz, Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding, according to the