Crypto community has received major warning from insider about some of Elon Musk's largest companies and crypto
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As reported by The Information, xAI is close to securing $6B in funding, valuing Elon Musk's year-old AI startup at $18B. Notably, on a recent X space, Elon said they'd need 100,000 NVIDIA H100s to train Grok 3.0 The deal is expected to be secured within the coming weeks unless unexpected changes in its terms emerge. Musk launched xAI 10 months ago to compete with OpenAI’s ChatGPT. TechCrunch’s source says that a lot of investor are eager to enter into this deal. Among them are Sequoia Capital and Future Ventures, cofounded by Musk’s friend Steve Jurvetson.
The X/Twitter app, where Grok is implemented as a paid add-on, owns a stake in xAI, according to TechCrunch. Thus, Musk has made sure that his X company benefits from his AI bot financially as well to compensate for the massive losses in the company’s value Musk has seen since he purchased Twitter for $44 billion in 2022.Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017.
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