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Elon Musk's AI Company xAI Secures $6 Billion in Series B Funding

27/05/2024 13:43

According to BlockBeats, Elon Musk's artificial intelligence company, xAI, has successfully raised $6 billion in a Series B funding round. The funding round saw participation from Valor Equity Partners, Vy Capital, Andreessen Horowitz, Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal, and Kingdom Holding. The funds raised will be utilized to launch xAI's first batch of products in the market, build advanced infrastructure, and accelerate research and development of future technologies. Over the next few months, xAI plans to continue its rapid progress and will soon announce several exciting technology updates and products. xAI's primary goal is to develop advanced AI systems that are realistic, competent, and maximally beneficial to all of humanity. The company's mission is to understand the true nature of the universe.

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