The company did not list the names of investors, nor did it provide data on valuation. However, according to a report by Bloomberg in October, xAI is seeking new financing, with a pre-investment valuation of 40 billion US dollars.The company did not list the names of investors, nor did it provide data on valuation. However, according to a report by Bloomberg in October, xAI is seeking new financing, with a pre-investment valuation of 40 billion US dollars.
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 became a supplier of Musk, and the artificial intelligence xAI of Musk raised $6 billion in new capital, machine vision composite current collector vehicle communication 5G.Heavy stocks light index.
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.These concepts reflect that Shengli Precision has been involved in many popular scientific and technological fields. For example, in the field of consumer electronics, the company provides precision structural parts for related products; In terms of Apple concept and Xiaomi concept, it is one of the supply chain enterprises of these brands; Smart wear and virtual reality reflect their layout in the direction of emerging intelligent hardware; Industry 4.0 reflects its intelligent upgrade in the manufacturing process; The related concepts of new energy vehicles and lithium batteries show that it has participated in the field of new energy vehicles; The concept of photovoltaic is its layout in the clean energy industry.Musk founded xAI in 2023 and has been actively financing the project since then. In May this year, the company completed another round of financing of $6 billion, when the company was valued at $24 billion, including the latest cash raised.