xAI, Elon Musk's OpenAI competitor, secures $6B funding with stake from X, his social network platform

• Funding: xAI, Elon Musk's AI company, is raising $6 billion at a $18 billion pre-money valuation.

• Investors: Sequoia Capital, Future Ventures, Valor Equity Partners, and Gigafund are among the investors.

• Data Integration: xAI aims to connect the digital and physical worlds by integrating data from Musk's companies, including Tesla, SpaceX, and Neuralink.

• Grok Chatbot: X, Musk's social media platform, already uses xAI's chatbot, Grok, and it will be further developed with data from other Musk companies.

• Competition with OpenAI: Musk, a co-founder of OpenAI, is now competing with them with xAI and has criticized OpenAI for not open-sourcing their technology.

More details about the updates

• xAI, Elon Musk’s OpenAI rival, is closing on $6B in funding and X, his social network, is already one of its shareholders