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.

The development of Aurora, xAI’s image generation system, enters a rapidly growing market for AI-generated content, which is projected to reach $110 billion by 2030. Early demonstrations of Aurora have shown promising results in creating highly detailed and contextually accurate images.

Elon Musk's xAI raised USD 6 billion in a Series C round to expand AI infrastructure, develop groundbreaking products, and advance research.

Elon Musk's xAI secures $6B in a Series C with BlackRock, a16z; focuses on AI infrastructure expansion, including Colossus upgrades.

Billionaire tech mogul Elon Musk’s startup xAI said it had raised US$6 billion (RM27 billion) from investors in its latest funding round, as it battles

Elon Musk’s startup xAI said it had raised $6 billion in fresh funding from investors, as it battles stiff competition

CNBC reported xAI was eyeing a $50 billion valuation, a huge jump from its value six months ago. The Financial Times reported that only investors who had backed xAI in its previous fundraising round were permitted to participate in this one.

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 artificial intelligence startup xAI revealed that it raised $6 billion in its latest funding round as the startup continues to ramp up in its battle against bitter rival OpenAI. Musk took a victory lap after announcing Monday on his social media platform X that the company concluded its Series C funding round — which is usually the final stage of venture capital financing.