Elon Musk’s AI company xAI, grabbed attention by raising $6 billion in its latest Series C funding round. This big investment announced on December 23, 2024, brings major support from key investors like A16Z, Blackrock, Fidelity Management & Research Company, Kingdom Holdings, Lightspeed, MGX, Morgan Stanley, OIA, QIA, Sequoia Capital, Valor Equity Partners, and Vy Capital. Key strategic investors NVIDIA and AMD also joined in showing their commitment to help xAI grow its infrastructure.
Scaling Infrastructure and Advancing AI
The new funds will help xAI carry out its plan to grow its AI setup, launch cutting-edge products for worldwide use, and push AI research and development further. A key success from this funding round is building ‘Colossus’, the biggest AI supercomputer on Earth made with NVIDIA and boasting 100,000 NVIDIA…