xAI is a company focused on artificial intelligence owned by Elon Musk. Its products are also integrated with social media X, and one of the offerings provided is a chatbot based on artificial intelligence and powered by the latest data through X, named Grok.
Most recently, it was announced that xAI has received an injection of investment funds totaling $6 billion from a number of parties, including Sequoia Capital, Prince Alwaleed Bin Talal and Kingdom Holding, and several other parties.
Elon Musk also said xAI's company value is now $18 billion – making it one of the most valuable artificial intelligence-focused companies.
In parallel with this investment, xAI announced that it will share a number of new developments and product updates in the next few months.