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Elon Musk’s xAI raises $6 billion.
Proof once again that it’s easier to make money when you already have it, especially at the peak of the AI hype cycle.
Four months ago Musk posted the following after the Financial Times said xAI was seeking investments up to $6 billion:
xAI is not raising capital and I have had no conversations with anyone in this regard
Update 5:08AM ET: Added Musk quote.
Series B funding round
[x.ai]
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