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xAI by Elon Musk Raises $6 Billion In Latest Funding Round
Artificial intelligence startup xAI by Elon Musk has raised $6 billion to accelerate its challenge to his former allies at OpenAI. The Series B round, announced in a blog post on May 26, comes less than a year after the debut of xAI and marks one of the bigger investments in the nascent field of developing AI tools. Musk had been an early supporter of artificial intelligence, backing OpenAI before it introduced ChatGPT in late 2022. He later withdrew his support from the venture and has advocated caution because of the potential dangers of the technology. He was among a large group of industry leaders urging a pause to AI development last year.
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