According to BlockBeats, on May 27, according to the official announcement, Musk's artificial intelligence company xAI completed a $6 billion Series B financing, with participation from Valor Equity Partners, Vy Capital, Andreessen Horowitz (a16z), Sequoia Capital, Fidelity Management and Research Company, Prince Alwaleed Bin Talal and Kingdom Holding. In the coming months, xAI will continue on the path of rapid progress and will soon announce a number of exciting technology updates and products. The proceeds from this financing will be used to bring xAI's first products to market, build advanced infrastructure, and accelerate research and development of future technologies. The main goal of xAI is to develop advanced AI systems that are real, capable, and maximally beneficial to all mankind. The company's mission is to understand the true nature of the universe.