Elon Musk’s startup xAI raises $6B in new funding round to challenge Grok rival ChatGPT
The Tesla mogul’s firm xAI — which powers the snarky Grok chatbot — announced on Sunday that it raised $6 billion in a fresh round of fundraising — soliciting investments from venture capital giants such as Andreessen Horowitz and Sequoia Capital, as well as Saudi Prince al-Waleed bin Talal.