xAI (Acquisition)

Funding Details
Awarder
RSS - techfundingnews.com
Date Award
May 28, 2025
Vertical
Artificial Intelligence
Funding URL
View Funding Page
Funding Amount:
$300,000,000

Company Info
Traction
Telegram has over one billion monthly active users, providing a vast user base for Grok's capabilities.
Organizations Involved
Telegram, BlackRock
Founders
Elon Musk
Company Description
xAI is a technology company focused on developing advanced AI models, including Grok, which integrates AI capabilities into messaging platforms to enhance user experience and engagement.
Market
Messaging and Communication
Location
San Francisco, California, USA

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