Elon Musk's startup focused on artificial intelligence, xAI, has recently secured $6 billion in funding, according to a regulatory filing. This investment has resulted in a valuation of over $40 billion for the company, representing a significant milestone in its financial journey.
The funding round attracted participation from 97 investors, with individual stakes starting at $77,593. However, the identities of the investors have not been disclosed, and specific details regarding the company's valuation and revenue figures were not provided.
It has been reported that xAI had actively sought new funding at a valuation of $40 billion, not including the recently raised capital. This development highlights the increasing interest and investment in the artificial intelligence sector, particularly in ventures associated with prominent figures like Musk.