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XAI announced the completion of a 60 billion US dollar Series C financing, with participation from BlackRock, etc.
According to Forbes, Elon Musk's XAI company announced on Monday that it raised $6 billion in Series C financing, as the company continues to strengthen its artificial intelligence products and infrastructure, bringing its valuation to over $40 billion.
Investors include Blackrock, A16Z, Kingdom Holding, Fidelity, and Sequoia Capital, with the latter three participating in XAI's $6 billion Series B financing in May this year.
XAI stated in the financing announcement that it is training Grok 3, according to a tweet released by Musk in June, Grok 3 has not yet been listed and is expected to be released by the end of the year.