Elon Musk’s xAI lands $6B in new cash to fuel AI ambitions

Quick Summary:

xAI, Elon Musk’s AI company, has raised $6 billion, according to a filing with the U.S.

Securities and Exchange Commission on Thursday.

It is already powering customer support features for SpaceX’s Starlink internet service, according to The Wall Street Journal, and the startup is said to be in talks with Tesla to provide R&D in exchange for some of the carmaker’s revenue.

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Article Details

Author / Journalist: Kyle Wiggers

Category: Technology

Markets: United States

Topics: Fundraising Startups XAI Elon Musk Enterprise Generative AI Funding AI Startup

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-23 @ 22:03:02 (1 days ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 1155 words

Reading Time: 7 minutes read

Sentences: 45 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 24613939

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