AI startup of Elon Musk, xAI has secured $6 billion through a Series C funding round, which is a significant milestone for its mission for developing advanced artificial intelligence systems. 

The company announced on Monday via a blog post that it secured investment from prominent backers, including Andreessen Horowitz (A16Z), BlackRock, Fidelity, Kingdom Holdings, Sequoia Capital, Valor Equity Partners, Vy Capital, and strategic tech leaders NVIDIA and AMD.

xAI stated that the new funding will be utilized to expand its infrastructure, enhance research and development, and launch innovative consumer and enterprise products designed for global adoption.

Since its $6 billion Series B funding round in May, which valued the company at $24 billion, xAI has made remarkable progress.

Key highlights in the AI industry include:

• Colossus: The world’s largest AI supercomputer, equipped with 100,000 NVIDIA Hopper GPUs, became operational in just 122 days, with plans to double its capacity to 200,000 GPUs.
• Grok 2: A state-of-the-art language model featuring advanced reasoning capabilities.
• xAI API: Providing developers with global, low-latency access to xAI’s foundational models.
• Aurora: An advanced autoregressive image generation model that enhances multimodal AI understanding and creativity.
• Grok on X: Integrated into the X platform, it delivers real-time insights, web search, citations, and image generation powered by Aurora. Earlier this month, the chatbot became free for all users on the microblogging platform with certain limitations. Previously, users needed a premium X subscription to access Grok.

The company is currently training its most advanced AI model, Grok 3, focusing on launching innovative solutions aimed at transforming industries and daily life.

With this funding, xAI plans to advance AI technology while ensuring its systems remain truthful, competent, and beneficial to humanity. The company is also actively hiring talent that aligns with its mission to make a transformative impact on the future.

In October, the Wall Street Journal reported that xAI is in early talks to secure substantial additional funding, potentially raising its valuation to approximately $40 billion.

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