WASHINGTON (dpa-AFX) - Elon Musk's artificial intelligence startup xAI has
secured $6 billion in its Series B round to accelerate its challenge to his
former allies at OpenAI.

xAI will use the funds to take its first products to market, build advanced
infrastructure, and accelerate the research and development of future
technologies, the company said in a blog post.

xAI noted that the new funding round was backed by Valor Equity Partners, Vy
Capital, Andreessen Horowitz, Sequoia Capital, Fidelity Management & Research
Company, Prince Alwaleed Bin Talal and Kingdom Holding, amongst others.

The company's pre-money valuation was $18 billion, Musk said in a post on X.



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