Musk's xAI is close to raising $6 billion from Sequoia Capital and others
2024-04-25 22:37:13
Musk may be on the verge of securing billions of dollars in funding to build his chatbot Grok into a rival to ChatGPT. Musk's year-old start-up xAI is raising $6 billion, valuing the company at $18 billion excluding the investment, according to two people familiar with the matter. Sequoia Capital is one of the investors involved in this round of xAI financing, and another person familiar with the matter said the financing is expected to be completed in the next two weeks. On the artificial intelligence track, this round of financing is one of the largest single financing.
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