<p>Elon Musk's artificial intelligence startup xAI has raised $6 billion in a Series B funding round backed by investors including Andreessen Horowitz and Sequoia Capital among others, the company said in a blog post on Sunday.</p>.<p>The money will be used to take xAI's first products to market, build advanced infrastructure and accelerate research and development of future technologies, xAI said.</p>.<p>"There will be more to announce in the coming weeks," Musk said in a post on X, in response to the announcement of the funding.</p>.Musk loses autonomy in race for Tesla Robotaxis.<p>The AI race has been heating up, with several investors signing big checks for start-ups looking to compete with market leaders like OpenAI.</p>.<p>Though xAI did not say what it was valued at after the latest round of funding, other media reports previously suggested the company would be valued at between $18 billion and $24 billion.</p>.<p><em>Reuters</em> could not immediately verify the valuation with xAI.</p>
<p>Elon Musk's artificial intelligence startup xAI has raised $6 billion in a Series B funding round backed by investors including Andreessen Horowitz and Sequoia Capital among others, the company said in a blog post on Sunday.</p>.<p>The money will be used to take xAI's first products to market, build advanced infrastructure and accelerate research and development of future technologies, xAI said.</p>.<p>"There will be more to announce in the coming weeks," Musk said in a post on X, in response to the announcement of the funding.</p>.Musk loses autonomy in race for Tesla Robotaxis.<p>The AI race has been heating up, with several investors signing big checks for start-ups looking to compete with market leaders like OpenAI.</p>.<p>Though xAI did not say what it was valued at after the latest round of funding, other media reports previously suggested the company would be valued at between $18 billion and $24 billion.</p>.<p><em>Reuters</em> could not immediately verify the valuation with xAI.</p>