Elon Musk's AI company xAI completes $6 billion Series B financing, with participation from a16z and others
Elon Musk's AI company xAI has announced the completion of a $6 billion B-round financing, with participation from Valor Equity Partners, Vy Capital, Andreessen Horowitz (a16z), Sequoia Capital, Fidelity Management Research Company, Prince Alwaleed Bin Talal, Kingdom Holding, and others. This round of financing will be used to bring xAI's first batch of products to market, build advanced infrastructure, and accelerate future technology research and development.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin ETFs set to attract liquidity and speculation as IBIT options trading gains approval
The U.S. Securities and Exchange Commission approved BlackRock’s proposal to list and trade options for its spot bitcoin ETF.Retail traders typically use options for speculation while larger institutions use options as a hedge.
TrustToken, TrueCoin settle with SEC over TUSD allegations
The SEC claims the reserves backing TUSD were being held in a “speculative fund”
Turkey Abandons Tax Plans on Stock and Crypto Gains, Easing Investor Fears
China stimulus boosts stocks, but crypto remains stagnant
China’s stimulus lifted global stock indices but failed to shake the cryptocurrency market out of its current stagnation.Meanwhile, QCP Capital analysts suggest that recent monetary easing in both China and the U.S. could provide near-term support, with market participants expecting an upward move in ether.