Elon Musk’s xAI secures $6 billion in funding to accelerate AI ambitions

Elon Musk’s artificial intelligence venture, xAI, is nearing the completion of a $6 billion funding round. As reported by CNBC, this financial injection will bring the company’s valuation up to $50 billion. The funding comprises $5 billion from the Middle Eastern sovereign wealth funds and the remaining $1 billion from other investors, some of whom

Source: Cryptopolitan