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Elon Musk xAI Secures $6B To Boost Generative AI Expansion: Details

source-logo  coingape.com 16 h

Elon Musk xAI has raised $6 billion in its latest funding round, according to a filing with the U.S. Securities and Exchange Commission. This round adds to the $6 billion raised earlier this year, bringing the company’s total funding to $12 billion. The capital injection positions xAI to expand its generative AI initiatives and enhance its competitive edge.

coingape.com