Antonio Pequeño IV / Forbes:

xAI announces it raised a $6B Series C from a16z, BlackRock, Fidelity, Kingdom Holdings, Sequoia, Nvidia, and others, at a reported valuation of at least $40B  —  Elon Musk’s xAI announced Monday it raised $6 billion in a Series C funding round, putting the company’s value at more than $40 billion …