This is a linkpost for https://x.ai/blog/series-b

xAI recently announced a $6 billion funding round.

According to The Crunchbase Megadeals Board, this would be the third largest startup funding round in history. The largest private funding round was for for OpenAI for $10B (perhaps structured mostly as compute spend) and another for Stripe for $6.5B, both in 2023.

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Very curious what the actual play is here. I suspect, at worst, xAI just gets to be a holding company for GPUs and can flip them at a profit. At best, maybe Elon thinks generative Twitter will restore its original value for a sale? Regardless, his ability to fundraise for mid ideas is remarkable.

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