Foresight News reports that Elon Musk's AI company xAI has announced the completion of a $6 billion Series C funding round, with major investors including a16z, BlackRock, Fidelity Management & Research Company, Kingdom Holdings, Lightspeed, MGX, Morgan Stanley, OIA, QIA, Sequoia Capital, Valor Equity Partners, and Vy Capital. Strategic investors NVIDIA and AMD also participated. The funds from this round will be used to further accelerate its infrastructure.
Foresight News previously reported that in November 2024, informed sources revealed that Elon Musk's AI startup xAI had raised $5 billion, which was lower than the $6 billion disclosed today.