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Elon Musk’s xAI raises $6B to bolster battle against OpenAI: ‘Gonna need a bigger compute!’
Elon Musk’s artificial intelligence startup xAI revealed that it raised $6 billion in its latest funding round as the startup continues to ramp up in its battle against bitter rival OpenAI.
Elon Musk’s xAI lands $6B in new cash to fuel AI ambitions
The filing also revealed that xAI is now valued at $45 billion, close to double its previous valuation. The new cash brings xAI’s total raised to $12 billion, adding to the $6 billion tranche xAI raised in May.
Elon Musk’s xAI raises $6 billion in new funding
A lot of compute is needed,” Mr. Musk said in a post about the financing, in which BlackRock, Fidelity and Sequoia participated.
11h
on MSN
Leanworx Raises INE 8.3 crore Seed Round Fund Led by YourNest Venture Capital
According to a media release, the funding round comes as part of the YourNest-SanchiConnect Velocity Program 2024, an ...
3d
3 Proven Financing Strategies To Outsmart Venture Capital In 2025
In 2025, entrepreneurs seeking growth with control will increasingly turn to smarter financing strategies instead of relying ...
San Francisco Examiner
9d
Two SF artificial-intelligence startups raise big new funding rounds
Meanwhile, Bloomberg reported Wednesday that Perplexity AI closed a $500 million
venture
round
earlier this month at a $9 billion valuation.
9d
Databricks Is Raising $10 Billion, in One of the Largest Venture Capital Deals
In a statement, Databricks said it had so far secured $8.6 billion of the $10 billion that it was raising. Ali Ghodsi, the ...
1d
This ‘Immigrant Kid’ Turned Early GitLab Investor Now Has A $160 Million Debut Venture Fund
Bulgaria-born Villi Iltchev, a former Salesforce and Box executive, plans to invest in pre-seed and seed enterprise software ...
7d
on MSN
Perplexity AI triples its valuation in about 6 months with latest $500 million funding round
Perplexity AI closed a $500M funding round, Bloomberg reported, tripling the startup's valuation within 6 months at $9 ...
12h
What Inno's top 10 stories of 2024 say about Chicago tech
This year's 10 most-read Chicago Inno stories were dominated by new developments and recent funding rounds, along with one ...
Crain's Chicago Business
9d
UChicago venture fund supports spinout Flow Medical in $5M seed round
Flow Medical, a UChicago Medicine-born startup developing a device to treat pulmonary embolisms, has received the first ...
6d
Here’s the full list of 49 US AI startups that have raised $100M or more in 2024
AI startups continue to dominate the venture capital funding landscape. Here are the all the megarounds so far in 2024.
2d
Auburn's HuLoop Automation to expand after VC funding round led by SF's Mighty Capital
SC Moatti is the founder and managing partner at Mighty Capital, which invests in enterprise software. It has had exits from ...
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