This move also places OIA among other investors in xAI, including Qatar Investment Authority, Valor Equity Partners, Sequoia Capital ... Read More: xAI Launches New Grok-2 Model This article ...

Nevertheless, the deals — and xAI’s developer and consumer-facing products — have driven xAI’s revenue to around $100 million a year. For comparison, Anthropic is reportedly on pace to generate $1 ...

The company announced this week that Andreessen Horowitz , Blackrock, Fidelity, Lightspeed, MGX, Morgan Stanley, OIA, QIA, Sequoia Capital ... previous valuation. The new cash brings xAI's ...