Mark Keke

LongPort - Elon Musk
Elon Musk

AI venture capital is booming! Elon Musk's xAI raises $6 billion with big names like NVIDIA joining in

Elon Musk's artificial intelligence company xAI has raised $6 billion, with participating investors including Andreessen Horowitz, BlackRock, Fidelity, Morgan Stanley, Sequoia Capital, NVIDIA, and AMD. This financing brings xAI's total funding to $12 billion, with a valuation target of $50 billion. xAI plans to continue raising funds next year, with AI venture capital reaching $31.1 billion in the third quarter of 2024

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