Elon Musk’s xAI has raised $6 billion in funding, the next step for the tech executive’s disruptive AI startup.

Musk has long been a proponent of safe AI research, leading him to co-found OpenAI. Since cutting ties with OpenAI, Musk founded xAI. The company has been growing rapidly, including plans to grow its Memphis supercomputer to 1 million GPUs.

In its latest round of funding, the startup has raised $6 billion from a host of investment companies.

xAI’s progress is accelerating rapidly.

We have closed our Series C funding round of $6 billion with participation from key investors including A16Z, Blackrock, Fidelity Management & Research Company, Kingdom Holdings, Lightspeed, MGX, Morgan Stanley, OIA, QIA, Sequoia Capital, Valor Equity Partners and Vy Capital, amongst others. Strategic investors NVIDIA and AMD also participated and continue to support xAI in rapidly scaling our infrastructure.

The company took the opportunity to tout the progress it has been making on its AI models.

xAI’s most powerful model yet, Grok 3, is currently training and we are now focused on launching innovative new consumer and enterprise products that will leverage the power of Grok, Colossus, and X to transform the way we live, work, and play.

The funds from this financing round will be used to further accelerate our advanced infrastructure, ship groundbreaking products that will be used by billions of people, and accelerate the research and development of future technologies enabling the company’s mission to understand the true nature of the universe.

xAI is primarily focused on the development of advanced AI systems that are truthful, competent, and maximally beneficial for all of humanity.

Musk has positioned Grok as a less politically correct AI model, one willing to tackle topics ChatGPT, Gemini, and others won’t touch.

The round of investment is a significant vote of confidence in xAI, and should go a long way toward helping further xAI’s ability to challenge the industry leaders.