Current：Home > StocksElon Musk's xAI startup raises $24 billion in funding -Prime Capital Blueprint
Elon Musk's xAI startup raises $24 billion in funding
View
Date：2025-04-19 22:15:15
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！ (9)
Related
- Senate begins final push to expand Social Security benefits for millions of people
- 'What the duck' no more: Apple will stop autocorrecting your favorite swear word
- A troubling cold spot in the hot jobs report
- The Plastics Industry Searches for a ‘Circular’ Way to Cut Plastic Waste and Make More Plastics
- Senate begins final push to expand Social Security benefits for millions of people
- Proposed EU Nature Restoration Law Could be the First Big Step Toward Achieving COP15’s Ambitious Plan to Staunch Biodiversity Loss
- A troubling cold spot in the hot jobs report
- For Many, the Global Warming Confab That Rose in the Egyptian Desert Was a Mirage
- Bodycam footage shows high
- A Houston Firm Says It’s Opening a Billion-Dollar Chemical Recycling Plant in a Small Pennsylvania Town. How Does It Work?
Ranking
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Study Finds that Mississippi River Basin Could be in an ‘Extreme Heat Belt’ in 30 Years
- 'I still hate LIV': Golf's civil war is over, but how will pro golfers move on?
- Inside Clean Energy: US Electric Vehicle Sales Soared in First Quarter, while Overall Auto Sales Slid
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- Elon's giant rocket
- Colleen Ballinger's Team Sets the Record Straight on Blackface Allegations
- Victor Wembanyama's Security Guard Will Not Face Charges After Britney Spears Incident
Recommendation
John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
Erdoganomics
¿Por qué permiten que las compañías petroleras de California, asolada por la sequía, usen agua dulce?
Colleen Ballinger's Team Sets the Record Straight on Blackface Allegations
Taylor Swift makes surprise visit to Kansas City children’s hospital
Cuando tu vecino es un pozo de petróleo
A New Plant in Indiana Uses a Process Called ‘Pyrolysis’ to Recycle Plastic Waste. Critics Say It’s Really Just Incineration
The OG of ESGs