xAI is an artificial intelligence company focused on building safe, general-purpose AI systems that can reason, code, and interact with the world. Best known for its Grok chatbot, xAI aims to create highly capable, explainable AI with broad real-world applications — from science and engineering to education and entertainment.
xAI has raised $10 billion in new funding — split between $5 billion in equity and $5 billion in debt — to accelerate development of its next-generation AI infrastructure. The debt round, led by Morgan Stanley, saw participation from global institutional backers. Proceeds will fund large-scale model training, data center expansion, and the build-out of its Grok platform.
xAI, headquartered in Burlingame, California, United States, was founded in 2023 by Christian Szegedy, Elon Musk, Kyle Kosic, Manuel Kroiss, and Toby Pohlen. With a mission to build transparent and aligned AI systems, xAI is positioning itself at the forefront of artificial intelligence innovation. The company continues to push the boundaries of what AI can achieve across science, industry, and everyday life.
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