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 billion in revenue this year, and OpenAI is targeting $4 billion by the end of 2024.

Written by Kate Conger The artificial intelligence company founded by Elon Musk, xAI, said on Monday that it had raised $6 billion, giving the startup a major lift as it competes with rivals, including OpenAI.

Elon Musk's xAI has raised $6 billion in its latest funding round, pushing its total capital raised to $12 billion at a valuation of $50 billion, reports TechCrunch. The round, which involved 97 investors,

Steve Davis, who has worked with Musk at SpaceX, Twitter and the Boring Company, is getting involved with DOGE.

Elon Musk’s right-hand man in charge of cost-cutting is now recruiting staff at the Department of Government Efficiency, according to a report. Steve Davis has remained loyal to Musk for years, working across his companies and even sleeping overnight in the Twitter offices with his wife and newborn during Musk’s acquisition in 2022 when the billionaire demanded his staff be “extremely hardcore,