The artificial-intelligence company has told investors it raised $5 billion in its latest funding round.

Elon Musk’s AI startup xAI has reportedly reached a $50 billion valuation, following a funding round that secured $5 billion for the company.

Representatives for xAI didn't immediately respond to a request for comment about its plans and the Wall Street Journal report. xAI's plans reportedly include a consumer-facing ap

When you buy through links on our articles, Future and its syndication partners may earn a commission.

The Tesla CEO is racing to make xAI, which launched after its competitors, the world’s most advanced AI company.

X, formerly named Twitter before Musk's takeover in 2022, was used to spread false information that sparked riots across Britain this summer.

Elon Musk’s ownership of Twitter has had two dominant ideological hallmarks. One is a slash-and-burn view of fixing a business, which Musk is now posturing that he’ll import to the federal government.