Elon Musk’s Artificial Intelligence Company xAI Will Receive $6 Billion Investment

Elon Musk last year, in order not to be left behind in the productive artificial intelligence race that has become very heated. xAI He founded an artificial intelligence company named after him. This company, which was launched as a rival to OpenAI, had been in operation for 10 months. From the company so far integrated into X Grok We have seen the chat bot.

Now there has been an important development regarding xAI. According to sources close to the matter, the company said: 18 billion dollars with pre-investment valuation (estimated value before investment) 6 billion dollars very close to raising funds.

It is expected to be completed within a few weeks

According to the information received, this move will benefit investors. xAI will give away a quarter of its company. The deal will be completed within the next few weeks if its terms do not change. In fact, it should be noted that the agreement has already changed. Last week, claims were circulating that $3 billion would be raised from a preliminary valuation of $15 billion. The current agreement revealed that the amount has increased.

Among investors Sequoia Capital and founded by Musk’s close friend Steve Jurvetson. Future Ventures stands out. Apart from these Valor Equity Partners and Gigafund There are companies with names close to Musk, such as: Let’s add that not all investors are disclosed.

However Shareholders of X (Twitter) between, SpaceX and Tesla also played an indirect role in the development of xAI It is said. We will find out whether the news turns out to be true or not when the deal is completed. If true, Musk will have reached his desired goal and collected $6 billion. It is also a matter of curiosity what position xAI will be in the artificial intelligence race. We will see if OpenAI can get ahead of formidable competitors such as Microsoft, Meta and Google.