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Musk founded xAI in 2023 and has been actively financing the project since then. In May this year, the company completed another round of financing of $6 billion, when the company was valued at $24 billion, including the latest cash raised.The company did not list the names of investors, nor did it provide data on valuation. However, according to a report by Bloomberg in October, xAI is seeking new financing, with a pre-investment valuation of 40 billion US dollars.Recently, Musk expanded the lawsuit against its main competitor, ChatGPT manufacturer OpenAI, saying that OpenAI illegally tried to monopolize the artificial intelligence market and crowd out competitors.

Heavy stocks light index.Many of xAI's current investors, including Sequoia Capital and Andreessen Horowitz Fund, are also investors in Musk's X and other businesses.At present, xAI's main product is a chat robot named Grok, which is aimed at X's paying users.

In October this year, OpenAI just completed a new round of financing of $6.6 billion, which made the company's valuation reach $157 billion, making it among the unlisted companies with global valuation. In addition to venture capital companies such as Thrive Capital, Microsoft and Invista are also among the investors.In October this year, OpenAI just completed a new round of financing of $6.6 billion, which made the company's valuation reach $157 billion, making it among the unlisted companies with global valuation. In addition to venture capital companies such as Thrive Capital, Microsoft and Invista are also among the investors.Recently, Musk expanded the lawsuit against its main competitor, ChatGPT manufacturer OpenAI, saying that OpenAI illegally tried to monopolize the artificial intelligence market and crowd out competitors.