Elon Musk’s xAI raises $6 billion funding from BlackRock, Nvidia, AMD, and others

Billionaire Elon Musk’s artificial intelligence (AI) company on Monday, December 23, raised $6 billion from marquee investors like BlackRock, Nvidia Corp., and AMD, among others, to expand AI infrastructure, according to the company’s official blog note posted on Monday.

According to the company disclosure, the company raised $6 billion in a Series C round. This is the second funding round in 2024; the first was a Series B round in May 2024. xAI raised $6 billion in May from investors like Andreessen Horowitz, Sequoia Capital, among others.