London CNN —
The AI firm founded by Elon Musk has raised another $6 billion from investors, including Silicon Valley venture capitalists and a Saudi prince, boosting its valuation to $24 billion.
Investors providing the second-round funding included Sequoia Capital, Andreesen Horowitz, and Saudi Prince Alwaleed Bin Talal, xAI announced in a blog post on Sunday.
Musk, who founded xAI in July last year, wrote Monday on X that there would be “more to announce in the coming weeks,” and that the startup had a valuation of $18 billion before receiving the new funding.
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