Musk's xAI is close to raising $6 billion in funding from Sequoia Capital and other companies
Musk may soon receive billions of dollars in funding to turn his chatbot Grok into a strong competitor for ChatGPT. Two insiders revealed that Musk's start-up company xAI, which was established a year ago, is raising $6 billion in financing. Excluding this investment, the valuation of the company is $18 billion. One insider stated that Sequoia Capital is one of the investors participating in this round of xAI financing, while another insider said that the financing is expected to be completed within the next two weeks. In the field of artificial intelligence, this round of financing is one of the largest single financings.
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