• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

xAI by Elon Musk Raises $6 Billion for Expansion

user avatar

by Giorgi Kostiuk

a year ago

xAI, founded by Elon Musk, has successfully raised $6 billion, significantly boosting its competitive edge in the artificial intelligence market.

Success in xAI's Funding

In the latest funding round, xAI raised $6 billion. Major participants included BlackRock, Fidelity, and Sequoia Capital. Global investors from the USA, Saudi Arabia, and Qatar have also backed xAI.

Enhancing Capacity and Development

The company plans to utilize the funds to enhance its research and development capabilities further and build its base infrastructure. xAI is currently developing the Grok chatbot, powered by the supercomputer in Memphis, claimed by Musk as the world's largest.

A lot of computing is needed.Elon Musk

History with OpenAI and AI's Future

Elon Musk co-founded OpenAI but left the organization in 2018 due to differences with other founders, including the current CEO, Sam Altman. Musk has expressed concerns about potential AI threats but aims to develop safer AI systems.

The funding will bolster xAI's position in the market and aid in the development of innovative AI solutions.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Cardano Continues Development with Hydra v10 and Decentralization Efforts

chest

Cardano is quietly progressing with the development of Hydra v10 and moving towards full decentralization.

user avatarZainab Kamara

Midnight Network Partners with Blockdaemon for Privacy Tools

chest

Midnight Network has partnered with Blockdaemon to simplify the deployment of privacy-focused applications for enterprises.

user avatarAyman Ben Youssef

Charles Hoskinson Promotes Midnight Network to Coinbase CEO

chest

Cardano founder Charles Hoskinson reached out to Coinbase CEO Brian Armstrong to promote the Midnight Network and increase its visibility in the crypto industry.

user avatarSon Min-ho

AAVE and Uniswap Lead CoinDesk Index Decline

chest

AAVE and Uniswap experienced significant declines of 78% and 55% respectively on November 14, 2025, impacting the CoinDesk 20 Index and highlighting ongoing volatility in the DeFi sector.

user avatarTando Nkube

Hyperliquid Founder Advocates for DeFi Lego Blocks Over Centralized Giants

chest

Jeff, the founder of Hyperliquid, advocates for a modular approach to decentralized finance, emphasizing DeFi Lego blocks over centralized giants.

user avatarKofi Adjeman

Remittix Gains Momentum with $281 Million in Funding

chest

Remittix has successfully raised $281 million in private funding, showcasing strong demand for its innovative PayFi model.

user avatarNguyen Van Long

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.