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BlackRock, a16z Back Elon Musk’s xAI in $6 Billion Funding Round
In a significant development, it has been reported that BlackRock, Andreessen Horowitz (a16z), and Fidelity have collectively invested in a massive $6 billion funding round for Elon Musk’s artificial intelligence company, xAI. This substantial investment highlights the growing interest in AI technology and its vast potential.
According to sources, NVIDIA and AMD will also be supporting xAI’s infrastructure through advanced GPU technology. The new funds will be utilized to further the research and development of xAI’s generative AI model, Grok, as well as expand its infrastructure.
The company has made significant progress since its previous $6 billion funding round earlier this year. Since then, it has launched several key initiatives, including Colossus, which is described as “the world’s largest AI supercomputer,” Grok 2, and the xAI API for developers. This new investment will enable the organization to continue pushing the boundaries of artificial intelligence.
The company aims to surpass OpenAI’s GPT-5 with its latest model, Grok 3, focusing on enhancing capabilities in natural language understanding, image generation, and coding tasks. This breakthrough technology is expected to be launched by the end of this year.
Notably, xAI plans to expand its infrastructure by incorporating an additional 200,000 GPUs, with the potential to scale up to as many as 300,000 GPUs in the future.
Source: cryptobriefing.com
