Musk's xAI raises $15 billion in latest funding round

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Elon Musk announced his caller institution xAI, which helium says has the extremity to recognize the existent quality of the universe.

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Elon Musk's artificial intelligence institution xAI has raised $15 cardinal from investors, sources acquainted with the substance told CNBC's David Faber.

The backing adds different $5 cardinal to the $10 cardinal circular CNBC reported connected successful September that valued the startup astatine $200 billion. Sources told CNBC that a batch of the wealth volition money graphic processing units that underpin ample connection models.

Artificial quality startups person been connected a fundraising spree successful caller months, reaching precocious valuations for their foundational AI tools.

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