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Elon Musk’s xAI Secures $6B Funding: Backed by Blackrock, NVIDIA, and More

  • Elon Musk's AI company, xAI, has secured $6 billion in its Series C funding round.
  • The funding round is backed by investors like A16Z, Blackrock, Fidelity, and Sequoia Capital, as well as strategic investors NVIDIA and AMD.
  • xAI plans to use the funds to expand its supercomputer, Colossus, with more powerful Nvidia GPUs.
  • With a valuation of $50 billion, xAI is a strong competitor to OpenAI and is rapidly growing in the AI market.

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