Musk's Machine

Saudi Arabia’s Prince Alwaleed Bin Talal among biggest backers of Elon Musk’s start-up xAI

Focused on the development of advanced AI systems, xAI is valued at $24 billion following the latest funding round

The xAI logo is displayed on a smartphone. (Photo Illustration: Getty Images)

Saudi Arabia’s Prince Alwaleed Bin Talal and his Kingdom Holding Co. continue to rank among Elon Musk’s biggest backers, participating in the $6 billion Series B funding round of the tech billionaire’s startup, xAI.

In a blog post...