Elon Musk's xAI Secures $6 Billion in Funding From Major Investors Fidelity, Sequoia Capital, and Andreessen Horowitz from cg holdings mechelen Watch Video
Preview(s): Play Video: (Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
Your browser does not support playing the video.Please download the video!
⏲ Duration: 0:41 👁 View: 240K times ✓ Published: 29-May-2024
Description: Elon Musk's AI startup xAI has raised $6 billion in a Series B funding round valuing the company at $24 billion. Major investors in the round include Fidelity, Sequoia Capital, Andreessen Horowitz, Prince Alwaleed Bin Talal, and Kingdom Holding. The company's first major product is an AI assistant called Grok that is available to premium users of Elon Musk's social media platform X. Grok competes with AI models like GPT-4, Claude, and Llama and aims to provide an advanced language model. xAI is central to Elon Musk's turnaround plans for X after facing challenges since acquiring Twitter.