Elon Musk's AI company, xAI, raised another $6 billion in funding, TechCrunch reported via the U.S. Securities and Exchange Commission. The filing reports that each investor, of nearly 100, had to give a minimum of $77,

Meet the key figures at Elon Musk's xAI, the $50 billion startup behind the chatbot Grok that's taking on ChatGPT.

This new Grok button on Elon Musk-owned X can do a range of tasks such as answering questions, summarising information, translating, researching, understanding image, and more.

The filing also revealed that xAI is now valued at $45 billion, close to double its previous valuation. The new cash brings xAI’s total raised to $12 billion, adding to the $6 billion tranche xAI raised in May.

A lot of compute is needed,” Mr. Musk said in a post about the financing, in which BlackRock, Fidelity and Sequoia participated.