Musk's AI company xAI is raising $6 billion, with participation from Sequoia Capital and others

ChainCatcher news, according to The Information, Musk's AI company xAI is raising $6 billion in funding, with a valuation of $18 billion excluding this round of financing. This round of funding is backed by institutions such as Sequoia Capital.

Insiders say that the financing is expected to be completed within the next two weeks. This round of funding represents the largest capital raise among startups competing to develop technologies similar to OpenAI and Anthropic, which can converse and create art like humans.