• 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

Mixed Performance in Bitcoin Spot ETFs Amid Ongoing Market Challenges

chest

Mixed performance in Bitcoin Spot ETFs as some funds attract inflows while others face outflows amid market challenges.

user avatarEmily Carter

US Bitcoin Spot ETFs Experience Major Capital Flight Amid Price Struggles

chest

US Bitcoin Spot ETFs experienced significant capital flight with net outflows of $35.991 million in the second week of February, reflecting cautious sentiment among institutional investors amid price struggles.

user avatarTomas Novak

Key Price Levels for Solana Highlighted by Market Analyst

chest

Market analyst Ali Martinez identifies key price levels for Solana, suggesting a potential support area.

user avatarKaterina Papadopoulou

Negative Funding Rates Indicate Bearish Sentiment for Solana

chest

Negative funding rates for Solana indicate bearish sentiment among traders, who have been positioned for price declines for 17 consecutive days.

user avatarLeo van der Veen

Solana Faces Significant Price Decline Amid Bear Market

chest

Solana has experienced a price loss of 3738 in the last 30 days, reflecting ongoing bearish sentiment in the market.

user avatarMaya Lundqvist

XRP Australia 2026 Event to Foster Blockchain Innovation

chest

The XRP Australia 2026 event aims to bring builders together for a 24-hour sprint focused on developing real-world applications on the XRPL.

user avatarLi Weicheng

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.