Nevertheless, the deals — and xAI’s developer and consumer-facing products — have driven xAI’s revenue to around $100 million a year. For comparison, Anthropic is reportedly on pace to generate $1 billion in revenue this year, and OpenAI is targeting $4 billion by the end of 2024.

In total, 97 investors were involved in this round of funding, with the minimum investment per participant pegged at $77,593. Investors were only allowed to participate

Elon Musk's AI company, xAI, raised $6 billion, doubling its funding to $12 billion and its valuation to over $40 billion.

Elon Musk’s venture xAI has launched a standalone iOS app for its Grok AI chatbot, expanding from its earlier exclusivity to X users. Now tested in Au

Elon Musk's xAI is testing a standalone Grok AI app for iOS, aiming to enhance AI accessibility for iPhone users.

AI is planning to make Grok publicly accessible as a separate app on iOS. Musk’s AI has become incredibly competitive, as predicted by the OpenAI CEO.

Elon Musk's AI startup xAI has raised $6 billion from investors, including US venture capitalists, NVIDIA, AMD, and investment funds from Saudi Arabia and Qatar. This funding will be used to develop products for billions of users and advance research.