Elon Musk's xAI Nears $24 Billion Valuation with New Funding Round

The AI startup is close to securing $6 billion from major investors, enhancing its competitive edge against industry leaders.

xAI aims to secure $6 billion in new funding, pushing its valuation to $24 billion.
Key investors include Lightspeed Venture Partners, Andreessen Horowitz, Sequoia Capital, and Tribe Capital.
The funding will support xAI's ambitions to compete with AI leaders like OpenAI and Google.
Musk's xAI leverages data from his social platform X to enhance its AI chatbot, Grok.
Grok's open-source model is available to X Premium+ subscribers, promoting transparency and innovation.