Elon Musk's AI startup xAI plans to raise $6B at a $18B pre-money valuation, aiming to compete with OpenAI.

Elon Musk's AI startup xAI (formerly Neuralink) plans to raise $6B at a $18B pre-money valuation, aiming to be a competitor to OpenAI. The funding will potentially help xAI's technology aid Tesla's autonomous vehicles and integrate with Musk's humanoid robot Optimus in factories. Notable investors include Sequoia Capital, Future Ventures, Valor Equity Partners, and Gigafund.