In total, 97 investors were involved in this round of funding, with the minimum investment per participant pegged at $77,593. Investors were only allowed to participate

Nvidia and AMD’s participation in xAI’s funding round means they are directly financing a rival to their major customers.

Nevertheless, the deals — and xAI’s developer and consumer-facing products — have driven xAI’s revenue to around $100 million a year. For comparison, Anthropic is reportedly on pace to generate $1 billion in revenue this year, and OpenAI is targeting $4 billion by the end of 2024.

Elon Musks xAI has closed a $6 billion funding round powered by NVIDIA and AMD investments. The funding will scale AI supercomputers, train Grok 3, and support the launch of innovative consumer and enterprise products.

The development of Aurora, xAI’s image generation system, enters a rapidly growing market for AI-generated content, which is projected to reach $110 billion by 2030. Early demonstrations of Aurora have shown promising results in creating highly detailed and contextually accurate images.

Elon Musk's xAI has raised $6 billion in its latest funding round, pushing its total capital raised to $12 billion at a valuation of $50 billion, reports TechCrunch. The round, which involved 97 investors, followed a doubling of xAI's valuation within six months and solidified the company's position as a growing competitor in the AI sector.

Elon Musk's generative AI startup xAI has raised $6 billion in a Series C funding round.

Elon Musk's xAI has secured a totak of $6 billion in Series C funding, bringing its total funding to $12 billion.

With xAI, tech billionaire Elon Musk wants to compete with other AI models. In his most recent financing round, he won over further investors.

Elon Musk's AI startup, xAI, has successfully raised another $6 billion in Series C funding. This funding will be used to enhance their computing infrastructure and more.

Written by Kate Conger The artificial intelligence company founded by Elon Musk, xAI, said on Monday that it had raised $6 billion, giving the startup a major lift as it competes with rivals, including OpenAI.