Elon Musk’s xAI Reportedly Raising $6B, Valued At $20B: What Investors Should Know

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Billionaire Elon Musk was a key figure in the artificial intelligence sector, originally a part of the OpenAI team. Musk launched his own artificial intelligence company in early 2023, which is now reportedly looking to raise funds at a large valuation. What Happened: Musk launched xAI as a new company to expand his artificial intelligence efforts. At the time of launch, the company said it was seeking to “understand the true nature of the universe.” Consisting of team members who previously worked at organizations like OpenAI, Google Research, Microsoft Research and DeepMind, xAI today houses…

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