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Benzinga
Benzinga
Business
Rounak Jain

Elon Musk's xAI Raises $6B For The 2nd Time This Year As It Looks To Take The Challenge To OpenAI, Google And Jeff Bezos-Backed Anthropic

Elon Musk-led artificial intelligence (AI) startup xAI disclosed on Thursday that it has raised $6 billion, with nearly 97 investors participating in the fundraising round.

What Happened: xAI's latest fundraise comes at a time when the AI startup is looking to expand the footprint of its Colossus supercomputer tenfold – from its existing cluster of 100,000 Nvidia graphics processing units, or GPUs, xAI intends to increase it to more than a million.

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