Source: TechCrunch Updated December 25, 12:21 p.m. Pacific: Added details of xAI’s valuation and Kingdom Holdings’ contribution. xAI, Elon Musk’s AI company, has raised $6 billion in a Series C financing round. The company announced this week that Andreessen Horowitz , Blackrock, Fidelity, Lightspeed, MGX, Morgan Stanley, OIA, QIA, Sequoia Capital, Valor Equity Partners, Vy… Continue reading Elon Musk’s xAI Lands $6B in New Cash to Fuel AI Ambitions
Tag: start-ups
India’s Web3 Dominance Fueled by 1K Startups, Global Investments, Dev Talent
Source: Cointelegraph India is on track to lead Web3 adoption by 2027, driven by startups, developers and government-backed blockchain initiatives. A massive startup network supported by global investment and local adoption has positioned India to spearhead Web3 innovation, according to a report on the country’s Web3 landscape. India currently hosts over 1,000 Web3 startups across… Continue reading India’s Web3 Dominance Fueled by 1K Startups, Global Investments, Dev Talent
Elon Musk’s xAI raises US$6 billion from investors including Sequoia, Andreessen Horowitz to challenge OpenAI
Source: South China Morning Post The Series B round comes less than a year after xAI’s debut and marks one of the bigger investments in the field Musk had been an early backer of OpenAI, but he later withdrew his support and has advocated caution because of the technology’s potential dangers Elon Musk’s artificial intelligence… Continue reading Elon Musk’s xAI raises US$6 billion from investors including Sequoia, Andreessen Horowitz to challenge OpenAI
