Musk's xAI raises around $6 billion in equity financing-March 2024-www.financetom.com

Musk's xAI raises around $6 billion in equity financing

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Musk's xAI raises around $6 billion in equity financing

Dec 5, 2024 12:28 PM

(Reuters) -Elon Musk's artificial intelligence startup xAI said on Thursday it has raised around $6 billion in equity financing.

The funding comes as the startup seeks to raise billions of dollars to provide users with an alternative to OpenAI's ChatGPT.

CNBC reported last month that xAI was raising $6 billion with a post-raise valuation seen at more than $50 billion.

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