Despite an eight-year headstart, xAI’s Grok could become a chatGPT competitor by the end of 2024, according to Musk.
The round saw participation from investors including Valor Equity Partners, Vy Capital, Andreessen Horowitz, Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding.
In comparison, chatGPT creator OpenAI stands at a $80 billion valuation, which is over three times bigger than Musk’s xAI. OpenAI launched in December 2015, giving it an eight-year headstart over Musk’s AI company. “xAI is primarily focused on the development of advanced AI systems that are truthful, competent, and maximally beneficial for all of humanity. The company’s mission is to understand the true nature of the universe.”
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