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.

Elon Musk's AI company, xAI, raised another $6 billion in funding, TechCrunch reported via the U.S. Securities and Exchange Commission. The filing reports that each investor, of nearly 100, had to give a minimum of $77,

Elon Musk has made the current version free for all, impacting millions of X users and reshaping AI accessibility.

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.

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

AI in the blog post wrote, Grok leverages the 𝕏 platform to understand what's happening in the world in real time

A lot of compute is needed,” Mr. Musk said in a post about the financing, in which BlackRock, Fidelity and Sequoia participated.