{"id":190594,"date":"2024-06-04T14:14:19","date_gmt":"2024-06-04T19:14:19","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2024\/06\/elon-musks-xai-says-it-just-raised-6-billion-in-funding-pulling-in-big-bucks-from-sequoia-capital-and-saudi-arabia"},"modified":"2024-06-04T14:14:19","modified_gmt":"2024-06-04T19:14:19","slug":"elon-musks-xai-says-it-just-raised-6-billion-in-funding-pulling-in-big-bucks-from-sequoia-capital-and-saudi-arabia","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2024\/06\/elon-musks-xai-says-it-just-raised-6-billion-in-funding-pulling-in-big-bucks-from-sequoia-capital-and-saudi-arabia","title":{"rendered":"Elon Musk\u2019s xAI says it just raised $6 billion in funding, pulling in big bucks from Sequoia Capital and Saudi Arabia"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/elon-musks-xai-says-it-just-raised-6-billion-in-funding-pulling-in-big-bucks-from-sequoia-capital-and-saudi-arabia.jpg\"><\/a><\/p>\n<p>The mercurial billionaire said in a subsequent <a target=\"_blank\" href=\"https:\/\/x.com\/elonmusk\/status\/1794975702812426595\" data-analytics-product-module=\"body_link\" rel=\" nofollow\">X post<\/a> that xAI\u2019s <a target=\"_blank\" href=\"https:\/\/www.businessinsider.com\/business-valuation-an-introduction-to-prepost-money-valuation-2011-4\" data-analytics-product-module=\"body_link\" rel=\"\">pre-money valuation<\/a> was $18 billion. The financial term refers to the value of a company before any equity investment is made.<\/p>\n<blockquote class=\"\"><p>Pre-money valuation was $18B\u2014 Elon Musk (<a href=\"https:\/\/twitter.com\/elonmusk\">@elonmusk<\/a>) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1794975702812426595?ref_src=twsrc%5Etfw\" rel=\" nofollow\">May 27, 2024<\/a><\/p><\/blockquote>\n<p>Sunday\u2019s announcement marks the first time xAI has talked about its fundraising efforts. Musk had <a target=\"_blank\" href=\"https:\/\/twitter.com\/elonmusk\/status\/1748528116127912030\" data-analytics-product-module=\"body_link\" rel=\" nofollow\">repeatedly denied<\/a> <a target=\"_blank\" href=\"https:\/\/twitter.com\/elonmusk\/status\/1750995501560807465?s=46\" data-analytics-product-module=\"body_link\" rel=\" nofollow\">earlier reports<\/a> from <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-01-20\/musk-s-xai-secures-500-million-toward-1-billion-funding-goal\" data-analytics-product-module=\"body_link\" rel=\" nofollow\">Bloomberg<\/a> and the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/28983bdc-2a38-4103-beae-08d9542ab69d\" data-analytics-product-module=\"body_link\" rel=\" nofollow\">Financial Times<\/a> about xAI\u2019s outreach to investors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The mercurial billionaire said in a subsequent X post that xAI\u2019s pre-money valuation was $18 billion. The financial term refers to the value of a company before any equity investment is made. Pre-money valuation was $18B\u2014 Elon Musk (@elonmusk) May 27, 2024 Sunday\u2019s announcement marks the first time xAI has talked about its fundraising efforts. [\u2026]<\/p>\n","protected":false},"author":556,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2019,45],"tags":[],"class_list":["post-190594","post","type-post","status-publish","format-standard","hentry","category-elon-musk","category-finance"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/190594","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/556"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=190594"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/190594\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=190594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=190594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=190594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}