Dec. 6, 2024, 9:40 a.m. ET Elon Musk’s artificial intelligence startup xAI has raised another $6 billion from investors as it ramps up competition with Sam Altman-led OpenAI, according to a regulatory filing. XAI – which created that snarky “Grok” chatbot available on Musk’s social media site X – raised the funds from a total of 97 investors, the SEC filing revealed on Thursday. The minimum investment in exchange for equity was $77,593. The filing did not disclose any individual investor names or reveal the size of other investments that occurred as part of the round. Last month, CNBC reported that the round included $5 billion from sovereign funds in the Middle East and $1 billion from other investors – and boost xAI’s valuation to $50 billion. The money is expected to help Musk’s AI startup build up its access to computing power.