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Elon Musk's artificial intelligence startup, xAI, is reportedly nearing a significant funding milestone, aiming to raise $6 billion at an $18 billion valuation, with a potential to reach $20 billion. The funding round is led by Sequoia Capital and includes other investors. This financial move is aimed at enhancing xAI's chatbot, Grok, positioning it as a competitor to OpenAI's ChatGPT. The company, which is less than a year old, has seen employees joining from Tesla, and the round is expected to close within two weeks. Previously, xAI raised $1 billion primarily from Musk himself. Notably, X, Musk's social network, is already one of its shareholders.
Musk's xAI nears $6 billion funding with Sequoia👀 https://t.co/YWv5zIdKq1
AI NEWS: Elon Musk is reportedly raising $6 billion for xAI at a valuation of $18 billion. Plus, huge developments from SenseTime, Sanctuary AI, Adobe, Apple, Tesla Optimus, and Cognition Labs' Devin. Here's everything going on in AI right now:
xAI, Elon Musk’s OpenAI rival, is closing on $6B in funding and X, his social network, is already one of its shareholders https://t.co/PvLf5mcjKE
Sequoia commits to back Elon Musk’s xAI start-up https://t.co/vmviRb0Qov
ELON MUSK'S startup xAI is raising $6 billion at an $18 billion valuation (not including the investment) from a fundraising-round featuring Sequoia Capital and others. The company is less than a year old Source: The Information https://t.co/ufaWy0BmqM
“Musk’s year-old startup is raising $6 billion at a valuation of $18 billion not including the investment, according to two people close to the deal. Sequoia Capital is one of the investors participating in the xAI round” https://t.co/H0NaQ3POHH
Elon Musk’s artificial intelligence startup xAI Corp is nearing a deal to raise $6 billion in a funding round that would value the company at $18 billion. This significant financial boost is aimed at enhancing xAI's chatbot, Grok, to challenge OpenAI's ChatGPT. https://t.co/HjoKCe2KSf
JUST IN : ELON MUSK’S XAI IS IN TALKS TO RAISE $6 BILLION AT A $18 BILLION DOLLAR VALUATION
Elon Musk’s artificial intelligence startup xAI is nearing a deal to raise $6 billion in a funding round that would value the company at $18 billion https://t.co/mkr6p3jDoF
NEWS: xAI is about to raise $6 billion at a $18 billion valuation. 👀 https://t.co/n9Vv7MXro0
BREAKING: xAI is raising $6 billion at a valuation of $18 billion from investors including Sequoia, per the information. Fully story below https://t.co/qUDHkdj2To
The Information is reporting Elon is raising $6 billion for xAI at a valuation of $18 billion. Elon has repeatedly denied these reports. https://t.co/PKnofFmA6p
xAI’s Cash Haul: Musk’s year-old startup is in the final stretch of raising $6 billion at a valuation of $18 billion from investors including Sequoia. https://t.co/1VCGk2ffPS From @nmasc_, @beckpeterson and @margauxmaccoll.
Musk XAi is raising $6bn from Sequoia+ at potentially $18bn valuation! (The Information) $NVDA - Employees joining from $TSLA - Round potentially closing in 2 weeks - Startup is only 1 year old - Raised prior round in December with $1bn (primarily from Musk) - Was launched in…
Musk XAi is raising $6bn from Sequoia+ at potentially >$20bn valuation! (The Information) Employees joining from $TSLA
Continuing my prediction that xAI will be the dominant AI company before the end of 2024, @elonmusk has reportedly raised $6b from a group of investors including @sequoia capital at a valuation of $18b. Expected to close this round within 2 weeks. https://t.co/3g19wA2raY
Scoop: Elon Musk’s xAI is nearing a deal to close $6 billion at an $18 billion valuation. Sequoia among investors to participate in the financing event. https://t.co/ml32GKLNTt w/ @beckpeterson & @margauxmaccoll
ELON MUSK'S XAI (FORMERLY KNOWN AS OPENAI) IS REPORTEDLY CLOSE TO RAISING $6 BILLION FROM INVESTORS, INCLUDING SEQUOIA CAPITAL AND OTHERS, ACCORDING TO INFORMATION
xAI reportedly raising $6 billion at an $18 billion valuation in a round led by Sequoia https://t.co/1oF6p0zKlY