Musk's AI company xAI completes $6 billion Series B funding, with participation from a16z and others

ChainCatcher news, according to the official announcement, Elon Musk's artificial intelligence company xAI has completed a $6 billion Series B funding round, with participation from Valor Equity Partners, Vy Capital, Andreessen Horowitz (a16z), Sequoia Capital, Fidelity Management and Research Company, Prince Alwaleed Bin Talal, and Kingdom Holding.

In the coming months, xAI will continue to move forward along the path of rapid progress and will soon announce several exciting technological updates and products. The proceeds from this funding will be used to bring xAI's first products to market, build advanced infrastructure, and accelerate research and development of future technologies.

xAI's primary goal is to develop advanced AI systems that are real, capable, and maximally beneficial to all of humanity. The company's mission is to understand the true nature of the universe.