Musk Raises $9 Billion for Anti-Woke AI Company
Elon Musk’s AI company xAI has just secured an impressive $9.3 billion in funding, bringing its total funding since its inception just over a year ago to $12 billion. This latest round of funding puts xAI in a strong position to compete with rivals like OpenAI, which Musk also co-founded.
While neither the company nor Musk have officially commented on the funding, details can be found in a recent filing with the US Securities and Exchange Commission. This significant injection of capital will undoubtedly help xAI further its goals in the ever-evolving AI landscape.
Paul Smith, our technology editor with over 20 years of experience in the sector, covers the latest developments in big tech, business tech usage, the thriving Australian tech scene, startups, telecommunications, and national innovation policies. You can connect with Paul on Twitter or reach out via email at psmith@afr.com for more insights.
This latest funding round demonstrates the continued interest and investment in AI technologies, as companies like xAI strive to push the boundaries of what’s possible in the world of artificial intelligence.