At the end of last year, it was announced that it had obtained C round of financing$60 billion in fundingRear,Related NewsElon Musk's artificial intelligence technology company xAI is said to be in talks to raise up to $200 billion in a new round of funding.
If this round of financing is successfully completed, it is expected that the xAI market valuation will exceed US$1200 billion. At the same time, the amount of financing will be second only to OpenAI's recent US$400 billion financing, becoming the second highest amount of financing for a new startup in the history of the United States.
However, the results of the relevant financing have not yet been confirmed, but it is expected to be completed in the next few months. It will enable xAI to invest more funds in the development of artificial intelligence technology and further use it for the "X" platform. It will also help improve the debt burden of the "X" platform.
Previous investors included A16Z, Blackrock, Fidelity Investments, Kingdom Holdings, Lightspeed, MGX, Morgan Stanley, OIA, Sequoia Capital, Valor Equity Partners, and Vy Capital. NVIDIA and AMD also participated in this round of investment, and it is expected that these companies will follow suit and invest in xAI in the next round of financing.
