xAI, an artificial intelligence startup founded by Elon Musk, got a $6 billion boost, constituting one of the AI industry's largest-ever funding rounds to date.
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 “The funds from the round will be used to take xAI’s first products to market, build advanced infrastructure, and accelerate the research and development of future technologies,” xAI
Musk shared the news on X, formerly known as Twitter, contending xAI’s valuation before the Series B funding round was $18 billion.Musk launched xAI last July and unveiled its chatbot, Grok, last November. Grok, which is only available to X Premium subscribers, has since been updated to improve long context capability and image understanding. Musk is speculated to be trying to create his own AI supercomputer by next fall.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
xAI, Elon Musk’s AI Venture, Raises $6 Billion to Take on OpenAISource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »
Judge in Elon Musk lawsuit against OpenAI disqualifies himselfNot two weeks ago, the San Francisco Superior Court determined Elon Musk's closely watched litigation over generative artificial intelligence should be designated as 'complex civil litigation' and assigned to a single judge for all purposes.
Read more »
Elon Musk Reacts to Recent Troublesome OpenAI News: 'Wow'xAI Founder Elon Musk reacts to recent news about OpenAI and Stack Overflow deal
Read more »
Maye Musk Pokes Fun at Son Elon Musk’s Signature Style Maye Musk exclusively opened up to Us Weekly about giving son Elon Musk style advice at the 2024 Sports Illustrated Swimsuit launch party
Read more »
Elon Musk plans xAI supercomputer, The Information reportsMusk founded xAI last year as a challenger to Microsoft-backed OpenAI and Alphabet's Google.
Read more »
Jerry Seinfeld Joins 'Comics Aging Badly' Club; Elon Musk ApprovesIt’s Always Jerry In Philadelphia. Subscribe now for more It’s Always Sunny In Philadelphia clips: http://bit.ly/SubscribeFX The gang returns, mostly, in the next season of FXX’s comedy series It’s Always Sunny in Philadelphia.
Read more »