In total, 97 investors were involved in this round of funding, with the minimum investment per participant pegged at $77,593. Investors were only allowed to participate

Tesla's Musk tests xAI's Grok chatbot app for iOS, also launching Grok.com. xAI's $50B valuation surpasses OpenAI after acquiring $5B in funding.

Elon Musk's xAI has raised $6 billion in its latest funding round, pushing its total capital raised to $12 billion at a valuation of $50 billion, reports TechCrunch. The round, which involved 97 investors, followed a doubling of xAI's valuation within six months and solidified the company's position as a growing competitor in the AI sector.

Meet the key figures at Elon Musk's xAI, the $50 billion startup behind the chatbot Grok that's taking on ChatGPT.

The filing also revealed that xAI is now valued at $45 billion, close to double its previous valuation. The new cash brings xAI’s total raised to $12 billion, adding to the $6 billion tranche xAI raised in May.

Elon Musk's AI startup xAI has raised $6 billion from investors, including US venture capitalists, NVIDIA, AMD, and investment funds from Saudi Arabia and Qatar. This funding will be used to develop products for billions of users and advance research.