Elon Musk's AI Firm Raises $6 Billion

Photo: KIRSTY WIGGLESWORTH / AFP / Getty Images

xAI, the artificial intelligence firm owned by Elon Musk, has raised another $6 billion in funding.

Musk says the company now has a valuation of $24 billion, even though it's existed for less than a year.

The company says the new infusion of capital will be used to "take xAI's first products to market" and "accelerate" research and development

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