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XAI (company)

Updated: Wikipedia source

XAI (company)

X.AI Corp., doing business as xAI, is an American company working in the area of artificial intelligence (AI), social media and technology. Founded by Elon Musk in 2023, the company's flagship products are the generative AI chatbot named Grok and the social media platform X (formerly known as Twitter), the latter of which they acquired in March 2025.

Infobox

Trade name
xAI
Company type
Private
Industry
Artificial intelligenceSocial mediaTechnology
Founded
March 9, 2023; 2 years ago (2023-03-09)[a]
Founder
Elon Musk
Headquarters
Stanford Research Park, Palo Alto, California, United States
Key people
mw- Elon Musk (CEO)Anthony Armstrong (CFO)
Products
GrokX (formerly known as Twitter)AuroraGrokipediaGrok Code Fast 1PromptIDE
Revenue
$100 million (annualized) (Dec. 2024)
Number of employees
1,200 [b] (2025)
Parent
X.AI Holdings Corp. (59% ownership by Elon Musk)
Subsidiaries
X Corp.
Website
x.ai

Tables

· Valuation
Equity
Equity
Transaction
Equity
Transaction
Debt
Year
Total
Amount raised (USD)
Pre-money
Amount raised (USD)
Post-money
A
A
Transaction
A
Transaction
A
Amount raised (USD)
67.34MM
A-1
A-1
Transaction
A-1
Year
67.34MM
A (overall)
A (overall)
Transaction
A (overall)
Transaction
Nov 29, 2023
Year
134.68MM
Amount raised (USD)
134.68MM
Valuation (USD)
673.4MM
B
B
Transaction
B
Transaction
May 26, 2024
Year
6B
Amount raised (USD)
6B
Amount raised (USD)
18B
Valuation (USD)
24B
C
C
Transaction
C
Transaction
Dec 23, 2024
Year
6B
Amount raised (USD)
6B
Amount raised (USD)
44B
Valuation (USD)
50B
Acquisition of X Corp.
Acquisition of X Corp.
Transaction
Acquisition of X Corp.
Transaction
Mar 28, 2025
Amount raised (USD)
80B
Valuation (USD)
113B
Unknown
Unknown
Transaction
Unknown
Transaction
June 2025
Year
5B
Amount raised (USD)
5B
Amount raised (USD)
9.3B-10B
Valuation (USD)
>120B
Transaction
Year
Amount raised (USD)
Valuation (USD)
Equity
Debt
Total
Pre-money
Post-money
A
A
67.34MM
A-1
67.34MM
A (overall)
Nov 29, 2023
134.68MM
134.68MM
673.4MM
B
May 26, 2024
6B
6B
18B
24B
C
Dec 23, 2024
6B
6B
44B
50B
Acquisition of X Corp.
Mar 28, 2025
80B
113B
Unknown
June 2025
5B
5B
9.3B-10B
>120B

References

  1. The company was incorporated on this date. It was not officially announced until July 12, 2023.
  2. Includes over 900 hourly paid AI tutors
  3. Rumored; exact valuations not known.
  4. The Verge
    https://www.theverge.com/2025/1/10/24339249/elon-musk-xai-x-twitter
  5. Financial Times
    https://www.ft.com/content/79b53db3-3411-454c-814d-d86f3c800abd
  6. https://x.ai
    https://x.ai
  7. Forbes
    https://www.forbes.com/sites/antoniopequenoiv/2024/12/06/what-we-know-about-xai-as-it-bolsters-itself-for-ai-race-with-6-billion-in-new-funding/
  8. Business Insider
    https://www.businessinsider.com/xai-org-chart-employees-elon-musk-direct-reports-2025-3
  9. Forbes
    https://www.forbes.com/sites/johnhyatt/2025/04/02/the-xai-x-deal-is-a-33-billion-windfall-for-elon-musk/
  10. Techcrunch
    https://techcrunch.com/2025/03/28/elon-musk-says-xai-acquired-x/
  11. Fortune
    https://fortune.com/2023/11/20/xai-organizational-structure-elon-musk-top-executives/
  12. Business Insider
    https://www.businessinsider.com/xai-elon-musk-hiring-ramp-up-data-annotators-2025-2
  13. OpenCorporates
    https://opencorporates.com/companies/us_nv/E28915122023-8
  14. Financial Times
    https://www.ft.com/content/19cce4b5-b2dd-4c1e-a109-b500e504dbb6
  15. The Wall Street Journal
    https://www.wsj.com/articles/elon-musk-xai-artificial-intelligence-company-openai-chatgpt-4a6f178a
  16. Elon Musk
    https://www.simonandschuster.com/books/Elon-Musk/Walter-Isaacson/9781982181284
  17. Washington Post
    https://www.washingtonpost.com/technology/2023/07/14/xai-elon-musk-ai-company/
  18. Computer World
    https://www.computerworld.com/article/3702708/elon-musk-launches-xai-to-take-on-chatgpt-maker-openai.html
  19. The Information
    https://archive.today/20250801164528/https://www.theinformation.com/articles/musks-xai-incorporates-as-benefit-corporation-with-positive-impact-goal
  20. CNBC
    https://www.cnbc.com/2025/08/25/elon-musk-xai-dropped-public-benefit-corp-status-while-fighting-openai.html
  21. x.ai
    https://web.archive.org/web/20230803163337/https://x.ai/
  22. X (formerly Twitter)
    https://x.com/elonmusk/status/1726177644671091192
  23. TechCrunch
    https://techcrunch.com/2023/12/05/elon-musk-raise-1-billion-xai/
  24. axios.com
    https://www.axios.com/2023/12/06/elon-musk-twitter-x-ai-funding
  25. reuters.com
    https://www.reuters.com/technology/elon-musk-says-his-ai-firm-xai-is-not-raising-funds-right-now-2023-12-06/
  26. Standard.co.uk
    https://web.archive.org/web/20240530121236/https://www.standard.co.uk/news/tech/elon-musk-tesla-ai-risks-jobs-xai-b1160911.html
  27. Axios
    https://www.axios.com/2024/05/18/elon-musk-xai-fundraising
  28. Financial Times
    https://www.ft.com/content/0b6f634e-dbf0-4238-a319-1dc1bbc0b62e
  29. Reuters
    https://www.reuters.com/technology/musks-xai-seeking-raise-6-bln-andreessen-horowitz-backed-funding-ft-reports-2024-05-23/
  30. cnbc.com
    https://www.cnbc.com/2024/06/04/elon-musk-told-nvidia-to-ship-ai-chips-reserved-for-tesla-to-x-xai.html
  31. The New York Times
    https://www.nytimes.com/2024/12/24/technology/elon-musk-xai-funding.html
  32. Financial Times
    https://www.ft.com/content/3a673ed2-26d5-47af-9028-8af7d742c2e7
  33. TechCrunch
    https://techcrunch.com/2025/03/17/elon-musks-ai-company-xai-acquires-a-generative-ai-video-startup/
  34. TechCrunch
    https://techcrunch.com/2025/03/29/elon-musk-says-xai-acquired-x/
  35. Bloomberg
    https://www.bloomberg.com/news/articles/2025-03-28/musk-says-that-his-xai-startup-has-acquired-x-for-33-billion
  36. Forbes
    https://www.forbes.com/sites/johnhyatt/2025/04/02/the-xai-x-deal-is-a-33-billion-windfall-for-elon-musk/
  37. Reuters
    https://www.reuters.com/business/finance/morgan-stanley-markets-5-billion-elon-musk-owned-xai-loans-bonds-sources-say-2025-06-10/
  38. Reuters
    https://www.reuters.com/business/musks-xai-raises-5-billion-each-fresh-debt-equity-morgan-stanley-says-2025-07-01/
  39. Wall Street Journal
    https://www.wsj.com/tech/spacex-to-invest-2-billion-into-elon-musks-xai-413934de
  40. Ars Technica
    https://arstechnica.com/tech-policy/2025/07/groks-mechahitler-meltdown-didnt-stop-xai-from-winning-200m-military-deal/
  41. Business Insider
    https://www.businessinsider.com/elon-musk-xai-layoffs-data-annotators-2025-9
  42. xAI Layoffs Shock Tech Industry: 500 Data Annotation Workers Cut as AI Focus Shifts | BEAMSTART
    https://beamstart.com/news/xai-reportedly-lays-off-500-17577795076322
  43. Engadget
    https://www.engadget.com/ai/xai-reportedly-laid-off-at-least-500-ai-tutors-working-on-grok-130059624.html
  44. MemphisFlyer
    https://www.memphisflyer.com/musk-locates-xai-in-memphis
  45. Ars Technica
    https://arstechnica.com/information-technology/2024/07/elon-musk-claims-he-is-training-the-worlds-most-powerful-ai-by-every-metric/
  46. Reuters
    https://www.reuters.com/business/environment/musks-xai-operating-gas-turbines-without-permits-data-center-environmental-group-2024-08-28/
  47. Memphis Local, Sports, Business & Food News | Daily Memphian
    https://dailymemphian.com/subscriber/article/45989/environmental-groups-urge-shelby-county-health-dept-action-xai-turbines-memphis
  48. The New Yorker
    https://www.newyorker.com/news/the-lede/how-is-elon-musk-powering-his-supercomputer
  49. Wired
    https://www.wired.com/story/xai-data-center-air-pollution-permit/
  50. Politico
    https://www.politico.com/news/2023/07/17/ai-musk-chatgpt-xai-00106672
  51. Neowin
    https://www.neowin.net/news/elon-musk-gives-a-glimpse-at-xais-grok-chatbot/
  52. "Elon Musk Says His New AI Bot 'Grok' Will Have Sarcasm and Access to X Information"
    https://www.wsj.com/tech/ai/elon-musk-says-his-new-ai-bot-grok-will-have-sarcasm-and-access-to-x-information-b4e169de
  53. CNET
    https://www.cnet.com/tech/elon-musk-makes-grok-ai-available-to-all-paying-x-subscribers-what-to-know/
  54. TechCrunch
    https://techcrunch.com/2024/04/05/x-makes-grok-chatbot-available-to-premium-subscribers/
  55. The Times of India
    https://timesofindia.indiatimes.com/technology/tech-news/elon-musks-grok-1-goes-open-source-what-is-means-for-users/articleshow/108589278.cms
  56. The Verge
    https://www.theverge.com/2024/3/17/24097810/xai-open-source-grok-musk-generative-ai-llm
  57. x.ai
    https://x.ai/blog/grok-1.5
  58. x.ai
    https://x.ai/blog/grok-1.5v
  59. TechCrunch
    https://techcrunch.com/2024/08/13/xais-grok-can-now-generate-images-on-x/
  60. The Verge
    https://www.theverge.com/2024/8/14/24220127/grok-ai-chatbot-beta-image-generation-x-xai-update
  61. TechCrunch
    https://techcrunch.com/2024/10/21/xai-elon-musks-ai-startup-launches-an-api/
  62. TechCrunch
    https://techcrunch.com/2024/12/07/elon-musks-x-gains-a-new-image-generator-aurora/
  63. TechCrunch
    https://techcrunch.com/2025/02/17/elon-musks-ai-company-xai-releases-its-latest-flagship-ai-grok-3/
  64. TechRadar
    https://www.techradar.com/computing/artificial-intelligence/i-tried-groks-new-ai-image-editing-features-theyre-fun-but-wont-replace-photoshop-any-time-soon
  65. THE DECODER
    https://the-decoder.com/grok-3-adds-deeper-search-and-ai-image-editing-capabilities/
  66. "Musk Admits Grok AI 'Lacks Common Sense,' Reveals Pricey $300 Monthly Plan"
    https://www.pcmag.com/news/musk-admits-grok-ai-lacks-common-sense-reveals-pricey-300-monthly-plan
  67. Forbes
    https://www.forbes.com/sites/siladityaray/2025/10/28/musk-takes-on-wikipedia-with-ai-generated-grokipedia-what-to-know/
  68. https://x.com/elonmusk/status/1975064769729327545
    https://x.com/elonmusk/status/1975064769729327545
  69. https://www.ign.com/articles/elon-musk-promises-his-xai-studio-will-release-a-great-ai-generated-video-game-and-grok-wil
    https://www.ign.com/articles/elon-musk-promises-his-xai-studio-will-release-a-great-ai-generated-video-game-and-grok-will-make-a-movie-that-is-at-least-watchable-both-before-the-end-of-2026
  70. Yahoo Finance
    https://finance.yahoo.com/quote/XAAI.PVT/
  71. Reuters
    https://www.reuters.com/business/musks-xai-raises-5-billion-each-fresh-debt-equity-morgan-stanley-says-2025-07-01/
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