The AI firm founded by Elon Musk has raised another $6 billion from investors, including Silicon Valley venture capitalists and a Saudi prince, boosting its valuation to $24 billion.
Investors providing the second-round funding included Sequoia Capital, Andreesen Horowitz, and Saudi Prince Alwaleed Bin Talal, xAI announced in a blog post on Sunday. Musk, who founded xAI in July last year, wrote Monday on X that there would be “more to announce in the coming weeks,” and that the startup had a valuation of $18 billion before receiving the new funding.
The billionaire said in a post on X at the time that Grok was being trained by having “real-time access” to information on the site. Since then, xAI has announced versions of Grok 1.5 with improved long context and image capabilities, and it is currently recruiting for engineers and researchers in Palo Alto, San Francisco and London. Investors, lured by the potential for AI to revolutionize the way people live and work, have thrown huge sums of money at AI companies in recent years.
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