Elon Musk's artificial intelligence company xAI is making waves again! In the latest Series C financing, xAI successfully raised $6 billion, bringing its total funding to an astonishing $12 billion, with a company valuation soaring to approximately $50 billion, doubling in just six months. Behind this round of financing are the strong supports from BlackRock, a16z, Fidelity, and strategic technology partners NVIDIA and AMD.
Why are capital giants flocking to bet on xAI?
xAI's core competitiveness lies in its vast infrastructure and efficient technological innovation capabilities; the latest round of financing will primarily be used in several key areas: