Current：Home > MarketsElon Musk's xAI startup raises $24 billion in funding -RiskRadar
Elon Musk's xAI startup raises $24 billion in funding
View
Date：2025-04-25 22:12:02
Elon Musk's AI startup xAI raised $6 billion in series B funding, reaching a post-money valuation of $24 billion as investors bet big on challengers to companies like OpenAI in the intensifying AI race.
The funding round was backed by investors including Andreessen Horowitz and Sequoia Capital, the company said in a blog post on Sunday.
The company's pre-money valuation was $18 billion, Musk said in a post on X.
The money will be used to take xAI's first products to market, build advanced infrastructure and accelerate research and development of future technologies, xAI said.
"There will be more to announce in the coming weeks," Musk said in another X post, in response to the announcement of the funding.
Tesla news:Elon Musk says Tesla aims to introduce a $25,000 model in 2025
Companies like Microsoft-backed OpenAI and Alphabet's GOOGL.O are among those leading the fierce race for generative AI dominance, driving significant investments and innovation in the rapidly evolving landscape.
veryGood！ (149)
Related
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Ditch Drying Matte Formulas and Get $108 Worth of Estée Lauder 12-Hour Lipsticks for $46
- A tiny invasive flying beetle that's killed hundreds of millions of trees lands in Colorado
- From a Raft in the Grand Canyon, the West’s Shifting Water Woes Come Into View
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- Two U.S. Oil Companies Join Their European Counterparts in Making Net-Zero Pledges
- Thom Browne's win against Adidas is also one for independent designers, he says
- H&R Block and other tax-prep firms shared consumer data with Meta, lawmakers say
- Travis Hunter, the 2
- Save $95 on a Shark Multi-Surface Cleaner That Vacuums and Mops Floors at the Same Time
Ranking
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- Ginny & Georgia's Brianne Howey Gives Birth, Welcomes First Baby With Husband Matt Ziering
- H&R Block and other tax-prep firms shared consumer data with Meta, lawmakers say
- Biden's offshore wind plan could create thousands of jobs, but challenges remain
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Five Climate Moves by the Biden Administration You May Have Missed
- Northern lights will be visible in fewer states than originally forecast. Will you still be able to see them?
- Scientists Join Swiss Hunger Strike to Raise Climate Alarm
Recommendation
Travis Hunter, the 2
Days of Our Lives Actor Cody Longo's Cause of Death Revealed
Let Your Reflection Show You These 17 Secrets About Mulan
Appeals court clears the way for more lawsuits over Johnson's Baby Powder
Trump's 'stop
Maya Rudolph is the new face of M&M's ad campaign
Will a Recent Emergency Methane Release Be the Third Strike for Weymouth’s New Natural Gas Compressor?
X Factor's Tom Mann Honors Late Fiancée One Year After She Died on Their Wedding Day