hotspinmegaways| Elon Musk's xAI valuation reaches US$24 billion after new round of financing

Elon MuskhotspinmegawaysArtificial intelligence startup xAI raises $6 billion in Series B fundinghotspinmegaways, the post-financing valuation reached US$24 billion. In the increasingly fierce artificial intelligence race, investors are betting on challengers from companies such as OpenAI. The company said in a blog post on Sunday that investors in this round of financing include Andreessen Horowitz and Sequoia Capital. Musk said in a post on X that the company's pre-financing valuation was $18 billion. xAI said the funds will be used to bring xAI's first products to market, build advanced infrastructure, and accelerate the research and development of future technologies. "There will be more announcements in the coming weeks," Musk said in a separate blog post. (Global Market Broadcast)