Key Takeaways
- xAI, Elon Musk’s AI startup, has raised $10 billion at a $200 billion valuation according to CNBC.
- This represents a dramatic increase from its May 2024 valuation of $45 billion after a $6 billion Series B round.
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xAI, the AI startup founded by Elon Musk in 2023 to develop advanced artificial intelligence systems, including the Grok chatbot, has raised $10 billion at a valuation of $200 billion today, according to CNBC.
The funding round represents a dramatic escalation in the company’s valuation trajectory. In December 2024, the startup secured $6 billion in a Series B round at a $45 billion valuation, marking one of the fastest valuation increases in the history of AI venture funding.
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