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XAI has invested at least part of its funds in the latest "Supercomputer Factory" project in Memphis, which was put into use earlier this year. At that time, local officials called it "the largest multi-billion-dollar investment in Memphis's history", and the expanding footprint of the facility also attracted other major technology companies to the region, including NVIDIA, Dell Technology and Ultramicro Computer.Many of xAI's current investors, including Sequoia Capital and Andreessen Horowitz Fund, are also investors in Musk's X and other businesses.According to documents submitted to the US Securities and Exchange Commission (SEC) on Thursday, these equity financing came from 97 investors, including equity with a minimum value of $77,593.

Many of xAI's current investors, including Sequoia Capital and Andreessen Horowitz Fund, are also investors in Musk's X and other businesses.Shengli Precision (002426) Composite Current Collector+Robot Vision+Consumer Electronics+Apple+Smart Wear+Xiaomi+Huawei+Virtual Reality+Industry 4.0+New Energy Vehicle+Lithium Battery+Photovoltaic+Tesla+Belt and Road+Integrated Die Casting+Communication 5G+ Auto Parts.At present, xAI's main product is a chat robot named Grok, which is aimed at X's paying users.

According to a regulatory document, xAI, a Musk artificial intelligence startup, has raised $6 billion in new capital and completed financing activities that have been going on for several months. It is said that the valuation of xAI has exceeded $40 billion in this round of financing.Recently, Musk expanded the lawsuit against its main competitor, ChatGPT manufacturer OpenAI, saying that OpenAI illegally tried to monopolize the artificial intelligence market and crowd out competitors.In October this year, OpenAI just completed a new round of financing of $6.6 billion, which made the company's valuation reach $157 billion, making it among the unlisted companies with global valuation. In addition to venture capital companies such as Thrive Capital, Microsoft and Invista are also among the investors.