xAI Secures $6 Billion in Series B Funding Round
The company has also showcased Grok’s multimodal capabilities and open-sourced the model, albeit without the training code.
Elon Musk’s artificial intelligence startup, xAI, has successfully raised $6 billion in a new Series B funding round. The funding was backed by prominent investors, including Andreessen Horowitz and Sequoia Capital, among others, according to a recent blog post by the company.
Since its inception last year, xAI has made significant strides in AI development. The company launched its Grok 1.0 chatbot model in November, making it available to Premium+ users on the social network X (formerly Twitter). In April, xAI released the enhanced Grok 1.5 model and expanded access to Premium users on X. The company has also showcased Grok’s multimodal capabilities and open-sourced the model, albeit without the training code.
With the newly secured funds, xAI plans to accelerate the rollout of its initial products, build advanced infrastructure, and drive further research and development. The company is also exploring partnerships to expand the reach of Grok beyond X.
This funding round underscores the growing investor confidence in Musk’s vision for AI and xAI’s potential to innovate and lead in the competitive AI landscape. As xAI advances, it is poised to make significant contributions to the field and challenge existing AI giants.
