🧵 1. Elon Musk's xAI hits $24B valuation as it secures $6B in funding for AI advancements, challenging industry giants in the competitive AI landscape. #fintech
🧵 1. Elon Musk's xAI hits $24B valuation as it secures $6B in funding for AI advancements, challenging industry giants in the competitive AI landscape. #fintech
🧵 2. Investors like Andreessen Horowitz and Sequoia Capital back xAI's funding round, enabling the company to accelerate research and launch new products.
🧵 3. Musk reveals xAI's pre-money valuation was $18B, emphasizing the potential and growth of the AI startup in a competitive market.
🧵 4. The fresh funding will fuel xAI in bringing its cutting-edge AI solutions to the market and developing future technologies, Musk announces.
🧵 5. With companies like OpenAI and Alphabet spearheading the AI race, xAI's funding success reflects the increasing importance of AI development globally.
🧵 Read more at: https://www.cnbc.com/2024/05/27/elon-musks-xai-valued-at-24-billion-after-fresh-funding.html