Elon Musk's xAI Nears $6 Billion Funding Round Led by Sequoia Capital

The funding could elevate xAI's valuation to $18 billion, intensifying the competition in the AI sector.

Sequoia Capital is set to invest in Elon Musk's xAI, with the exact amount yet to be disclosed.
xAI, launched by Musk in 2023, aims to tackle existential questions and rival established AI firms like OpenAI.
The funding round, potentially raising xAI's valuation to $18 billion, reflects intense interest from various investors.
Musk's xAI plans to integrate data from his other ventures, enhancing its AI capabilities for applications like self-driving cars.
Controversies surround Musk's AI ambitions, including a lawsuit against OpenAI for deviating from its original mission.