XAI

Digital profile silhouette of a human head featuring circuit board patterns and binary code, set against a dark blue background with a glowing neural network for xAI
xAI

xAI was officially founded by Elon Musk in March 2023 with the stated mission to "understand the true nature of the universe" and serve as a competitor to existing Generative AI leaders.

The company has executed several rapid, high-valuation funding rounds:

  • Series B (May 2024): xAI officially announced securing $6 billion in funding. The company was valued at $24 billion (post-money valuation) in this round.

  • Series C (December 2024): xAI raised another significant round of $6 billion. This round valued the company at $50 billion (post-money valuation).

  • X Corp. Acquisition (March 2025): xAI acquired X (formerly Twitter) in an all-stock transaction publicly announced by Musk. The deal valued xAI at $80 billion and X (equity value) at $33 billion (or an enterprise value of $45 billion including debt).

  • Series D (June 2025): The company secured a $4.2 billion primary funding round, achieving a post-money valuation of $201.7 billion.

The company leverages X's massive real-time data flow and distribution platform for its models, like its chatbot Grok, which is integrated into the X platform for premium subscribers.

xAI continues to push for rapid scaling, with Musk framing it as a crucial technological race.