Current：Home > reviewsElon Musk's xAI startup raises $24 billion in funding -GrowthInsight
Elon Musk's xAI startup raises $24 billion in funding
View
Date：2025-04-14 17:02:14
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！ (3637)
Related
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- Poll workers in Mississippi’s largest county say they haven’t been paid a month after elections
- Trump to skip second GOP debate and head to Detroit to court autoworkers instead
- Melinda French Gates calls maternal deaths in childbirth needless, urges action to save moms, babies
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Ray Epps, center of a Jan. 6 conspiracy theory, is charged with a misdemeanor over the Capitol riot
- London police force says it will take years to root out bad cops
- This is what a Florida community looks like 3 years after hurricane damage
- Senate begins final push to expand Social Security benefits for millions of people
- Migrants burst into southern Mexico asylum office demanding papers
Ranking
- Matt Damon remembers pal Robin Williams: 'He was a very deep, deep river'
- Generac recalls more than 60,000 portable generators over burn risk
- Most Americans view Israel as a partner, but fewer see it as sharing US values, AP-NORC poll shows
- How a rural Alabama school system outdid the country with gains in math
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- Tim McGraw, Chris Stapleton, more celebrated at 2023 ACM Honors: The biggest moments
- Trump wrote to-do lists on White House documents marked classified: Sources
- Giant pandas in zoos suffer from jet lag, impacting sexual behavior, diets, study shows
Recommendation
Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
Jailed Wall Street Journal reporter Evan Gershkovich appears at a Moscow court to appeal his arrest
Ex-Indiana substitute teacher gets 10 months in prison for sending hoax bomb threats to schools, newspaper
3 former Columbus Zoo executives indicted in $2.2M corruption scheme
Travis Hunter, the 2
Police: Thousands of minks released after holes cut in Pennsylvania fur farm fence
Libya opens investigation into dams' collapse after flood killed thousands
Not all types of cholesterol are bad. Here's the one you need to lower.