After landing the same amount in June, the artificial intelligence startup launched by the billionaire businessman - who is the founder of Tesla and SpaceX and CEO of X (formerly Twitter) – has received further investments in its Series C funding round.

Among the notable investors are chipmakers Nvidia and AMD.

The startup’s AI supercomputer, Colossus, will increase its power with 100,000 NVIDIA Hopper GPUs for its AI chatbot Grok, image generator Aurora and more.

As well as detailing where the money will be spent, xAI declared it’s bold “mission” to develop “future technology” that will enable them to “understand the true nature of the universe”.

A blog post read: “xAI’s most powerful model yet, Grok 3, is currently training and we are now focused on launching innovative new consumer and enterprise products that will leverage the power of Grok, Colossus, and X to transform the way we live, work, and play.

The funds from this financing round will be used to further accelerate our advanced infrastructure, ship groundbreaking products that will be used by billions of people, and accelerate the research and development of future technologies enabling the company’s mission to understand the true nature of the universe.

xAI is primarily focused on the development of advanced AI systems that are truthful, competent, and maximally beneficial for all of humanity.”