Elon Musk’s AI venture, xAI, has obtained an extra $6 billion in financing, as reported by *TechCrunch* based on a disclosure to the [U.S. Securities and Exchange Commission (SEC)](https://www.sec.gov/Archives/edgar/data/2002695/000200269524000003/xslFormDX01/primary_doc.xml).

The SEC disclosure indicated that close to 100 investors took part in this funding round, each contributing at least $77,593. While the names of individual investors were not revealed in the filing, xAI’s press release mentioned prominent supporters such as A16Z, BlackRock, Fidelity Management & Research Company, Kingdom Holdings, Lightspeed, MGX, Morgan Stanley, OIA, QIA, Sequoia Capital, Valor Equity Partners, and Vy Capital, among others.

In a statement, xAI outlined its ambitious vision for the future: “xAI’s most potent model to date, Grok 3, is currently being trained, and our focus is now on rolling out innovative consumer and enterprise products that will harness the capabilities of Grok, Colossus, and X to redefine the way we live, work, and play.” The company further stated that the recently acquired funds will enhance its advanced infrastructure, create groundbreaking products for billions of users, and expedite research and development endeavors to fulfill its mission of comprehending the universe’s true essence.

This latest funding influx brings xAI’s total raised capital to $12 billion, as per *TechCrunch*. *CNBC* had previously reported in November that xAI aimed for a valuation of $50 billion. After the $6 billion funding surge, *Forbes* stated on Monday that the company’s valuation has now exceeded $40 billion.

xAI’s swift expansion and ambitious objectives illustrate its determination to establish itself as a key player in the AI sector. With its flagship model, Grok 3, under development and an emphasis on state-of-the-art consumer and enterprise applications, the company positions itself to significantly influence the technological landscape in the future.