Elon Musk’s AI startup, xAI, has raised around $6 billion to expand its infrastructure and compete with OpenAI.
xAI, Elon Musk’s AI startup, has raised approximately $6 billion to invest in infrastructure with the goal of becoming a serious competitor to OpenAI.
Musk recently accused OpenAI of attempting to monopolize the generative AI market.
xAI plans to install at least one million graphic processing units, enhancing its ability to develop and train advanced AI systems.
The startup has attracted investments from companies such as A16Z, BlackRock, Morgan Stanley, Fidelity Management & Research Company, Lightspeed, and Sequoia Capital, among others.
Now, xAI’s market value has surpassed $50 billion, while OpenAI is valued at $157 billion.
The startup was founded in 2023, and Musk promised it would integrate with Tesla’s electric vehicles and work directly with X, the former Twitter.
Photos: X @xai. This content was created with the help of AI and reviewed by the editorial team.
