Elon Musk raises $6 billion for his AI startup xAI

Musk’s AI startup is now valued at $24 billion after raising funding from investors Andreessen Horowitz and Sequoia Capital.

Elon Musk’s AI startup xAI raised $6 billion in series B funding, reaching a post-money valuation of $24 billion as investors bet big on challengers to companies like OpenAI in the intensifying AI race.