Elon Musk's AI venture, xAI, has raised $6 billion in a Series B funding round, elevating its post-money valuation to an impressive $24 billion. This substantial investment underscores the confidence investors have in xAI as a formidable contender in the competitive AI landscape, challenging established players like OpenAI.

According to a blog post by the company on Sunday, prominent investors such as Andreessen Horowitz and Sequoia Capital led the funding round.

In a post on X, Musk revealed that xAI's pre-money valuation stood at $18 billion, highlighting the company's significant growth potential and investor enthusiasm.

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