xAI has raised $6 billion from BlackRock, a16z and Fidelity

On December 24, Elon Musk's xAI company announced it successfully raised $6 billion in Series C funding. This investment came from many famous investors, including BlackRock, a16z and Fidelity. The investment will be used to develop products and build AI infrastructure, including models like Grok AI and supercomputers to train the company's AI models. After this round of funding, xAI's valuation has increased to at least $40 billion to $50 billion.