Musk's AI startup raises $6bn in new funding round
Hindustan Times|December 25, 2024
Billionaire tech mogul Elon Musk's startup XAI said it had raised $6 billion from investors in its latest funding round, as it battles stiff competition in the artificial intelligence market.
Musk's AI startup raises $6bn in new funding round

The firm, whose flagship product is the Grok chatbot, garnered support from US venture capitalists, chipmakers NVIDIA and AMD, and investment funds from Saudi Arabia and Qatar among others.

Musk has repeatedly warned that AI poses a risk to human civilisation, but he is pushing hard for a bigger slice of investment in the sector and XAI already raised $6 billion in May.

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