Locator: 44530TECH.
I believe this is an old story -- one week old, but provides a few more details.
But it certainly doesn't sound like AI is in extremis.
The company announced this week that Andreessen Horowitz , Blackrock, Fidelity, Lightspeed, MGX, Morgan Stanley, OIA, QIA, Sequoia Capital, Valor Equity Partners, Vy Capital, Nvidia, AMD, and others participated.
Kingdom Holdings, the Saudi conglomerate holding company, invested roughly $400 million in the round.
The filing also revealed that xAI is now valued at $45 billion, close to double its previous valuation.
The new cash brings xAI's total raised to $12 billion, adding to the $6 billion tranche xAI raised in May.
According to the Financial Times, only investors who'd backed xAI in its previous fundraising round were permitted to participate in this one.
Reportedly, investors who helped finance Musk's Twitter acquisition were given access to up to 25% of xAI's shares.
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