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Musk's OpenAI-rival firm xAI raises $6 billion in funding

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Elon Musk's AI company xAI has raised $6 billion (around ₹50,800 crore) in a fresh funding round. This comes as the OpenAI-rival aims to expand its supercomputer to keep at least one million graphics processing units (GPUs). This funding brings xAI's total amount raised to $12 billion. A report earlier claimed the round would value xAI at $50 billion.