xAI, Elon Musk’s AI Venture, Raises $6 Billion to Take on OpenAI

xAI, Elon Musk’s artificial intelligence startup aiming to rival ChatGPT developer OpenAI, is set to close a massive $6 billion funding round that values the 10-month-old company at a staggering $18 billion.that according to a trusted source close to the deal, xAI’s funding round is expected to finalize in the coming weeks, giving investors a 25 percent stake in the company.

Musk’s pitch to investors envisions a sprawling virtual cycle, with Grok being fed data from his other companies to master the physical world in countless ways, starting with enabling truly self-driving cars and enhancing the capabilities of Tesla’s humanoid robot, Optimus.

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