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flag Elon Musk's AI company xAI raised $6bn from investors, including Saudi Prince Alwaleed Bin Talal, for AI development and market entry.

flag Elon Musk's AI company xAI has raised $6bn from investors, including Saudi Prince Alwaleed Bin Talal, to fund the development of AI. flag The company plans to use the funding to take its first products to market and accelerate research. flag xAI's valuation prior to the investment was $18bn. flag The funding will help Musk's company compete in the race to develop AI against Microsoft and Open AI, creators of Chat GPT.

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