Elon Musk’s artificial intelligence venture, xAI, is nearing the completion of a $6 billion funding round. As reported by CNBC, this financial injection will bring the company’s valuation up to $50 billion.

Elon Musk's artificial intelligence start-up xAI is seeking to raise as much as $1 billion, a Securities and Exchange Commission filing from this week shows.

Elon Musk’s artificial intelligence company xAI is raising up to $6 billion at a $50 billion valuation, according to CNBC’s David Faber.

The Tennessee Valley Authority approved xAI's request for 150MW to power its AI supercomputer used for training Grok.