xAI has filed a notice of an exempt offering of securities to raise $6 Billion in New Equity Investment.
According to filings with the U.S. Securities and Exchange Commission, xAI is raising up to $6 Billion in new funding. Sources indicate that as part of senior management Founder, Elon Musk played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.
About xAI
X.AI Corp., doing business as xAI, is an American startup company working in the area of artificial intelligence. Founded by Elon Musk in March 2023, its stated goal is to understand the true nature of the universe. xAI is headquartered in the San Francisco Bay Area in California.
To learn more about xAI, visit http://x.ai/
Contact:
Elon Musk, Founder
650-342-9600
SOURCE: http://www.intelligence360.io
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