Elon Musk‘s artificial intelligence startup, known as xAI, has received a $6 billion boost, constituting one of the industry’s largest-ever funding rounds to date.

Investors, including Valor Equity Partners, Vy Capital, Andreessen Horowitz, Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed bin Talal, and Kingdom Holding, will help xAI compete against Microsoft and OpenAI, which produced ChatGPT.