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