Elon Musk's artificial intelligence company xAI announced on Monday that it has raised $6 billion in a Series C funding round backed by BlackRock, Andreessen Horowitz (a16z), Fidelity, Morgan Stanley and other prominent investors.LINE According to the Financial Times, only existing xAI investors participated in the funding round, many of whom supported Musk's acquisition of company X.
The funding information was first disclosed in a filing with the U. S. Securities and Exchange Commission last week, bringing xAI's total funding to US$12 billion, after a previous round of US$6 billion completed in early 2024. The new capital will be used for research, development and infrastructure expansion of xAI's generative #AI model, Grok, the team said in a statement. Since receiving Series B funding in May 2024, #xAI has launched several key initiatives, including Colossus, which the company calls "the world's largest AI supercomputer, Grok 2 and the xAI API for developers.
the company also announced its own image generation model, Aurora, for real-time processing and
xAI is currently preparing Grok 3, which it calls "the most powerful model ever.
The company aims to compete with or surpass OpenAI's GPT-5, with a focus on improving natural language understanding, image generation, and coding tasks.
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