xAI is a premier AI research and development company dedicated to building advanced artificial intelligence systems that help humanity understand the universe. By leveraging world-class engineering and massive-scale compute infrastructure, the company develops frontier models like Grok. xAI focuses on creating transparent, inquisitive AI that prioritizes truth-seeking and rapid iteration, moving beyond standard industry limitations to push the boundaries of what is possible in machine intelligence.

xAI has raised $20 billion in a Series E funding round, reportedly valuing the company at $230 billion. The round included participation from Valor Equity Partners, Stepstone Group, Fidelity Management & Research Company, Qatar Investment Authority, MGX, Baron Capital Group, NVIDIA, and Cisco Investments.

xAI, headquartered in Burlingame, California, United States, was founded in 2023 by Elon Musk, Christian Szegedy, Greg Yang, Igor Babuschkin, Kyle Kosic, Manuel Kroiss, Toby Pohlen, and Yuhuai Wu. "This financing will accelerate our world-leading infrastructure buildout, enable the rapid development and deployment of transformative AI products reaching billions of users, and fuel groundbreaking research advancing xAI's core mission: Understanding the Universe," the company said in their blog post.