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Musk founded xAI in 2023 and has been actively financing the project since then. In May this year, the company completed another round of financing of $6 billion, when the company was valued at $24 billion, including the latest cash raised.At present, xAI's main product is a chat robot named Grok, which is aimed at X's paying users.Shengli Precision became a supplier of Musk, and the artificial intelligence xAI of Musk raised $6 billion in new capital, machine vision composite current collector vehicle communication 5G.

Recently, Musk expanded the lawsuit against its main competitor, ChatGPT manufacturer OpenAI, saying that OpenAI illegally tried to monopolize the artificial intelligence market and crowd out competitors.Robot concept: Suzhou Fuqiang Technology Co., Ltd., a wholly-owned subsidiary of the company, signed a Memorandum of Strategic Cooperation with Germany KUKA Robot Co., Ltd. In order to further promote the development of intelligent manufacturing, automation and robot industry in China, the two sides intend to cooperate on the use and promotion of KUKA industrial robots in 3C, automobile, medical care, new energy and other industries.

The company did not list the names of investors, nor did it provide data on valuation. However, according to a report by Bloomberg in October, xAI is seeking new financing, with a pre-investment valuation of 40 billion US dollars.According to documents submitted to the US Securities and Exchange Commission (SEC) on Thursday, these equity financing came from 97 investors, including equity with a minimum value of $77,593.In October this year, OpenAI just completed a new round of financing of $6.6 billion, which made the company's valuation reach $157 billion, making it among the unlisted companies with global valuation. In addition to venture capital companies such as Thrive Capital, Microsoft and Invista are also among the investors.