- The valuation of Elon Musk's startup is already $50 billion - The figure has more than doubled in a matter of months - The startup received $5 billion in its latest round of funding - One of xAI's investors is Qatar Investment Authority - Also: Valor Equity, Sequoia Capital and Andreessen Horowitz - In total, the startup has already received $11 billion since the start of 2024 - In the spring with a $6 billion round, xAI's valuation was $24 billion - Part of the funds will be used to buy 100,000 Nvidia chips - Recently, xAI reported that its ARR was already $100 million - The main product of the xAI startup is the chatbot Grok - The startup will introduce a new version of Grok by the end of 2024