xAI Secures $6 Billion in Series B Funding
26 May 2024
xAI Secures $6 Billion in Series B Funding
xAI has successfully closed a Series B funding round, securing $6 billion from prominent investors such as Valor Equity Partners, Vy Capital, Andreessen Horowitz, and others. This substantial investment will propel xAI's mission to develop advanced AI systems, focusing on truthfulness, competence, and global benefit. Over the past year, xAI has launched several innovations, including the Grok-1 model and its improved versions, with open-source accessibility. The funds will support the commercialization of xAI's products, infrastructure enhancement, and ongoing R&D efforts. xAI is also expanding its team, seeking passionate individuals to join its mission-driven workforce.
