According to BlockBeats, on May 27, Musk's artificial intelligence company xAI completed a $6 billion Series B financing, with investors including Valor Equity Partners, Vy Capital, Andreessen Horowitz (a16z), Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding, etc. In the coming months, xAI will continue to develop rapidly and will announce a number of technological updates and new products. The proceeds from the financing will be used to launch xAI's first products, build advanced infrastructure, and accelerate the research and development of future technologies. The main goal of xAI is to develop advanced AI systems that are real, capable, and maximally beneficial to all mankind. The company's mission is to understand the true nature of the universe.