CoinVoice has recently learned that, according to Forbes, Musk's xAI company announced on Monday that it raised $6 billion in Series C funding, with the company's valuation exceeding $40 billion as it continues to strengthen its AI products and infrastructure.
Investors include Blackrock, A16Z, Kingdom Holding, Fidelity, and Sequoia Capital, with the latter three participating in xAI's $6 billion Series B funding round in May of this year.
xAI stated in its funding announcement that it is training Grok 3, which, according to a tweet from Musk in June, has not yet been released and is expected to launch by the end of the year. [Original link]