xAI is set to close a new $5bn fundraising round, doubling its valuation to $50bn in just six months.
Founders
Elon Musk
Company Description
xAI is an artificial intelligence company founded by Elon Musk to develop advanced AI models and compete with rivals such as OpenAI and Anthropic. The company is rapidly growing and has raised significant funding to support its ambitious projects.
Market
AI Development
Location
San Francisco,
California,
USA
Coinvestors
Fidelity, Oracle, Larry Ellison, Prince Alwaleed bin Talal, Jack Dorsey, Sequoia Capital, Andreessen Horowitz