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.

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 owned artificial intelligence startup, xAI, on Saturday said that it is now making the new version of Grok 2 chatbot free for all users. xAI made this announcement on X and wrote about it in a blog that read, “As always, Premium and Premium+ users get higher usage limits and will be the first to access any new capabilities in the future.”

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

Meet the key figures at Elon Musk's xAI, the $50 billion startup behind the chatbot Grok that's taking on ChatGPT.

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.