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HomeLatest NewsBusinessElon Musk's AI company xAI 'raising $6b' in funding

Elon Musk’s AI company xAI ‘raising $6b’ in funding


Elon Musk goals to tackle Sam Altmnaan’s OpenAI with xAI. — Reuters/Information

Tech billionaire Elon Musk’s 10-month-old AI firm, xAI, is elevating $6 billion with an $18 billion pre-money valuation, in keeping with reviews by Prime Time News24 and The Data.

The reviews recommend that Musk who helped create Sam Altman’s OpenAI in 2015, has not too long ago unveiled his AI firm’s ChatGPT-like chatbot, “Grok” and is anticipated to seal the deal within the upcoming weeks.

“Sequoia Capital and Future Ventures, the enterprise fund co-founded by Musk’s long-time buddy Steve Jurvetson, are collaborating within the spherical,” the report talked about.

Different individuals are prone to embody Valor Fairness Companions and Gigafund VC companies.

After his departure from OpenAI in 2018, Musk, 52, has criticised OpenAI for its change in ethos.

He introduced Grok final yr amid the rising recognition of the utilization of AI throughout tech firms. His AI firm now appears to compete with OpenAI.

In line with Mashable, xAI is marketed as an AI model that may combine with Musk’s different firms, together with Tesla, SpaceX, The Boring Firm and Neuralink.

The corporate goals to “grasp the bodily world” by coaching on information from all of Musk’s firms and aiding Tesla in creating self-driving automobiles and its robotic Optimus.

xAI’s solely actual product at this level is Grok, an AI chatbot built-in into Musk’s personal social media firm X, previously Twitter, which can also be one of many AI firm’s shareholders.

In line with specialists at Mashable, the chatbot has not carried out properly.

The reviews additionally revealed that xAI is at present hiring engineers and designers, other than folks for product, information and infrastructure verticals.

The AI firm is providing money and equity-based compensation, medical, dental and imaginative and prescient insurance coverage and limitless paid break day as worker advantages.

AI chatbot “Grok 2” is now in coaching and can “exceed all expectations” when it’s launched, stated Musk.

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