Sequoia Capital enters the market, Musk's AI company is close to reaching a $6 billion financing

On April 26th, according to The Information, Musk may be about to receive billions of dollars in funding to build his chatbot Grok into a rival of ChatGPT. Two people familiar with the matter said that Musk's one-year-old startup xAI is raising $6 billion, excluding this investment, valuing the company at $18 billion. Sequoia Capital is one of the investors participating in this round of xAI financing, one of the people said, and another person familiar with the matter said that the financing is expected to be completed in the next two weeks. On the artificial intelligence track, this round of financing is one of the largest single financing.