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XAI Valuation Reaches Over $40 Billion After $6 Billion Funding Round

Topline Elon Musk’s xAI announced Monday it raised $6 billion in a Series C funding round, putting the company’s value at more than $40 billion as it continues to strengthen its AI products and infrastructure. The funding round was announced Monday. (Photo by Muhammed Selim Korkutata/Anadolu via Getty Images)Anadolu via Getty Images Key Facts The company closed the $6 billion round and said the funding would be allocated toward products and infrastructure, likely referring to its Grok AI model a...

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