Elon Musk's AI startup xAI has secured $6 billion in Series B funding from investors including Andreessen Horowitz and Sequoia Capital.

The funding has increased xAI's valuation to between $18 billion and $24 billion.

The investment will be used to advance xAI's products, infrastructure, and research and development.

Founded last year, xAI aims to position itself as a 'maximum truth-seeking AI' to compete with Google's Bard and Microsoft's Bing AI.

Musk is committed to advancing xAI towards artificial general intelligence despite legal battles and competition.

The AI chatbot 'Grok' will be introduced for X Premium subscribers.

Tesla shareholders are set to vote on restoring Musk's $56 billion pay package at the annual meeting on June 13th.