Musk’s xAI raises $6 billion from VC funds

Elon Musk’s artificial intelligence startup xAI has raised $6 billion to accelerate its challenge to his former allies at OpenAI.
The series-B round, announced in a blog post on May 26, comes less than a year after xAI’s debut and marks one of the bigger investments in the nascent field of developing AI tools. Musk had been an early supporter of AI, backing OpenAI before it introduced ChatGPT in late 2022.