Elon Musk’s new AI startup valued at $24 billion

Elon Musk’s new startup company, called xAI, is working on creating super-intelligent computers, like the ones you might see in science fiction movies.

This company just got a huge investment of $6 billion from companies such as Sequoia Capital who believe their work is important and has a bright future.

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This investment brings the total value of xAI to $24 billion. The money will be used to develop their first products build advanced infrastructure and develop future technologies.

This is part of a bigger competition between different companies to see who can make the smartest computer. Other companies involved in this race include OpenAI, which is supported by Microsoft, and Gemini, created by Google.

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