Horowitz, Tribe Commit to xAI’s Latest Financing Round: FT

Elon Musk’s xAI has secured new backing from Andreessen Horowitz, Sequoia Capital and Tribe Capital, the Financial Times reports, citing people familiar with the matter.

• They have committed to joining xAI’s latest financing round in which Musk is seeking to raise close to $6 billion
• One investor involved in the round tells the Financial Times that Musk remains “a few hundred million dollars” short of that target
• Tribe and Sequoia declined to comment to the Financial Times
• Andreessen Horowitz and Musk did not respond to a Financial Times request for comment

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