The funding round was backed by investors including Andreessen Horowitz and Sequoia Capital, the company said in a blog post on Sunday.
The money will be used to take xAI's first products to market, build advanced infrastructure, and accelerate research and development of future technologies, xAI said.
Companies like Microsoft-backed OpenAI and Alphabet are among those leading the fierce race for generative AI dominance, driving significant investments and innovation in the rapidly evolving landscape.
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