Elon Musk's artificial intelligence startup, xAI, has successfully raised $6 billion (approximately Sh774 billion) in its latest funding round. This investment comes as xAI faces intense competition in the rapidly evolving AI market. The funding has been reported by multiple sources, highlighting the growing interest and investment in AI technologies. Notably, Saudi Prince Alwaleed's Kingdom Holding has contributed $800 million to xAI, underscoring the financial backing from high-profile investors. This funding round is part of a broader trend, as venture funding for AI companies has surged, with total investments reaching $89 billion through mid-December, marking a 60% increase year over year.