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International Business Times UK

Technology

Vinay Patel

Elon Musk's xAI Gets $6 Billion Investment, Heats Up AI Race

Elon Musk XAI OpenAI

Musk's AI firm xAI gets $6B, heating up AI race with OpenAI. Job market prep is key. (Credit: Wikimedia Commons)

Elon Musk is fueling the competition in artificial intelligence (AI) by throwing his resources behind his new AI startup, xAI, a move seen as a challenge to his former colleagues at OpenAI.

In a May 26 blog post, the Musk-led AI startup announced securing $6 billion in a Series B funding round. The Series B funding round for xAI secured a substantial $6 billion, with participation from prominent investors like Andreessen Horowitz, Sequoia Capital, Valor Equity Partners, Vy Capital, Fidelity Management & Research Company, and Saudi Arabia's Prince Alwaleed bin Talal and Kingdom Holding.

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