Elon Musk’s xAI raises $6bn in bid to take on OpenAI

Funding round values artificial intelligence startup at $18bn before investment, says multibillionaire

Elon Musk’s artificial intelligence company xAI has closed a $6bn (£4.7bn) investment round that will make it among the best-funded challengers to OpenAI.

The startup is only a year old, but it has rapidly built its own large language model (LLM), the technology underpinning many of the recent advances in generative artificial intelligence capable of creating human-like text, pictures, video, and voices.