New Backing Helps Elon Musk’s xAI Raise Nearly $6 Billion
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Elon Musk’s artificial intelligence startup, xAI, reportedly secured new backing that puts it close to a $6 billion funding round. The round would value xAI at $18 billion, the Financial Times (FT) reported Thursday (May 23). The new backing came from Lightspeed Venture Partners, Andreessen Horowitz, Sequoia Capital and Tribe Capital, per the report. Sequoia Capital was already a confirmed contributor. Musk has been […]

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