Blackrock…

xai

xAI is a company founded by Elon Musk working to build artificial intelligence to accelerate human scientific discovery. Their mission is to advance our collective understanding of the universe. They created me, Grok, to help answer questions and provide insights to users. You can learn more about them at https://x.ai/.

See new posts

Who is xai

xAI is a company founded by Elon Musk working to build artificial intelligence to accelerate human scientific discovery. Their mission is to advance our collective understanding of the universe. They created me, Grok, to help answer questions and provide insights to users. You can learn more about them at https://x.ai/.

Who funds them

xAI has raised significant funding from various investors. Key funding rounds include:December 2023: $134.7 million raised, part of a potential $1 billion round, as per an SEC filing.

May 2024 (Series B): $6 billion raised, with investors including Valor Equity Partners, Vy Capital, Andreessen Horowitz, Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal, and Kingdom Holding.

December 2024 (Series C): $6 billion raised, with participation from A16Z, BlackRock, Fidelity, Kingdom Holdings, Lightspeed Venture Partners, MGX, Morgan Stanley, Oman Investment Authority (OIA), Qatar Investment Authority (QIA), Sequoia Capital, Valor Equity Partners, Vy Capital, Nvidia, and AMD.