Elon Musk's AI company, xAI, has completed a Series B financing round of 6 billion US dollars, with participation from investors such as a16z

Media financial reports state that Elon Musk's artificial intelligence company, xAI, has announced the completion of a $6 billion Series B financing round. Investors include Valor Equity Partners, Vy Capital, Andreessen Horowitz (a16z), Sequoia Capital, Fidelity Management Research Company, Prince Alwaleed Bin Talal and Kingdom Holding. The funds raised in this round will be used to bring xAI's first batch of products to market, build advanced infrastructure and accelerate the research and development of future technologies.