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xAI announces USD 6 billion in Series B funding

Event 4 of 20 in How xAI and Grok developed

The event

26 May 2024
Turning point
Money

xAI announces USD 6 billion in Series B funding

The company announced a USD 6 billion round to support infrastructure, product development and research. The financing announcement did not establish a personal wealth figure for Musk.

xAIOpen event
Sources and context

Sources for this event

Before · 17 Mar 2024
The base Grok-1 model is released openlyAfter · 23 Dec 2024
A second USD 6 billion round closes

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