Elon Musk founded xAI last summer, and nowadays it introduced raising $6 billion in funding, pronouncing it is going to assistance carry the startup’s “first products to market, build advanced infrastructure, and accelerate the research and development of future technologies.”
To this point, xAI has introduced Grok, a supposedly edgier model of OpenAI’s ChatGPT to be had by means of X, previously referred to as Twitter, the place the chatbot is recently simplest to be had to X Top class subscribers.
Investment on this spherical got here from a number of assets, in line with xAI, together with Andreessen Horowitz, Sequoia Capital, and Saudi Arabian Prince Al Waleed bin Talal. Utmost generation, a submitting with the Securities and Change Fee confirmed that xAI was once having a look to raise up to $1 billion in fairness investments, and a couple of months in the past, The Financial Times reported it was once in quest of as much as…. $6 billion. Musk denied that document on the while.
Proceeding on within the AI race for chips, skill, and generation gained’t be reasonable — fat tech corporations have dumped billions into AI startups like Anthropic along with the assets Google, Apple, Amazon, Microsoft, and Meta are pouring into AI initiatives of their very own.
Out of doors of xAI and OpenAI, Musk stated he would “prefer to build products outside of Tesla” with regards to AI and robotics until he will get extra keep watch over. Tesla shareholders will start voting this week on whether or not to revive Musk’s $56 billion pay package forward of its annual assembly on June thirteenth.
