PANews reported on December 6 that according to documents submitted to the U.S. Securities and Exchange Commission (SEC), xAI, an artificial intelligence company founded by Elon Musk, announced the completion of a new round of financing, with an amount of up to $6 billion. This round of financing attracted 97 investors, with the lowest single investment amount being $77,593. After this round of financing, xAI's valuation exceeded $40 billion.
In May this year, xAI completed a round of financing of the same size, with a company valuation of $24 billion. Existing investors including Sequoia Capital and Andreessen Horowitz also participated in this round of financing. This part of the funds is mainly used to support the construction of xAI's new supercomputing center in Memphis , which is known as the largest multi-billion dollar investment project in local history, attracting technology companies such as Nvidia, Dell and AMD to deploy here.
