Elon Musk's artificial intelligence company xAI is making waves again! In the latest C round of financing, xAI successfully raised $6 billion, bringing its total financing to an astonishing $12 billion. The company's valuation has climbed to about $50 billion, doubling in just half a year. This round of financing brought together the strong support of BlackRock, a16z (Andreessen Horowitz), Fidelity, and strategic technology partners NVIDIA and AMD.
Why are capital giants betting on xAI?
xAI's core competitiveness lies in its huge infrastructure and efficient technological innovation capabilities. The latest round of financing will be mainly used in the following key areas: