Tech billionaire Elon Musk's xAI has successfully secured $6 billion in a Series B funding round at an undisclosed valuation.
What Happened: xAI's funding round saw participation from prominent investors such as Andreessen Horowitz, Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal, and Kingdom Holding.
In a blog post on Sunday, xAI revealed that it has "multiple exciting technology updates and products soon to be announced."
This comes after xAI's multiple updates to the Grok-1 AI model, which now includes long context capability and image understanding. The open-source release of Grok-1 has led to advancements in various applications, optimizations, and extensions of the model.
Subscribe to the Benzinga Tech Trends ...