Musk’s xAI Raises $6 Billion in Bid to Challenge OpenAI (1)

Elon Musk’s artificial intelligence startup xAI has raised $6 billion to accelerate its challenge to his former allies at OpenAI.

The Series B round, announced in a blog post on May 26, comes less than a year after xAI’s debut and marks one of the bigger investments in the nascent field of developing AI tools. Musk had been an early supporter of artificial intelligence, backing OpenAI before it introduced ChatGPT in late 2022.

Read More: Musk’s xAI Nears Close of Deal Valuing Startup at $24 Billion

He later withdrew his support from the venture and has advocated caution because ...