Sequoia Capital invests in Elon Musk's xAI to compete

Summary: Sequoia Capital commits to investing in Elon Musk's xAI, aiming to raise $6bn and compete with OpenAI, Meta, and Google. Musk seeks to value xAI at $18bn, with Sequoia's undisclosed investment. OpenAI raised $13bn from Microsoft, while Anthropic received commitments of $2bn and $4bn from Google and Amazon. Musk aims to enhance xAI's capabilities with the investment, competing in the AI market.

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