xAI, Elon Musk's artificial intelligence venture, has successfully raised $6 billion in a Series C funding round, bringing its total funding to $12 billion.
BlackRock, Andreessen Horowitz (a16z), Fidelity, and Morgan Stanley have all invested in xAI during the funding round.
The company plans to allocate the newly raised capital towards research and development of its generative AI model, Grok, as well as infrastructure expansion.
xAI has formed strategic partnerships with NVIDIA and AMD to enhance its computational capabilities.
The company has launched initiatives such as Colossus, Grok 2, and the xAI API. Currently, xAI is training its most powerful model yet, Grok 3.
xAI plans to expand its infrastructure to accommodate up to 200,000 GPUs in preparation for the launch of Grok 3.
These developments position xAI as a leader in the AI space.