Tag: xAI

Elon Musk's AI venture, xAI, has raised $6 billion to fuel its ambitious plans to compete with ChatGPT and other AI technologies. The funding, which values xAI at $18 billion, is aimed at bringing the startup’s first products to market, developing advanced infrastructure, and accelerating research and development. Founded last summer, xAI has already launched Grok, which is available exclusively to X Premium subscribers on X (formerly known as Twitter).

Over the last couple of days, the crypto market has seen a significant correction and continues experiencing notable volatility. According to a Decrypt report, gaming tokens are among the hardest hit, with significant declines observed as Bitcoin approaches its next halving event. In the past week alone, several major gaming tokens, including Gala Games, Pixels, Portal, and Xai, have recorded losses exceeding 30%, with some reaching new all-time lows.

The (almost) almighty Elon Musk, the renowned billionaire entrepreneur, has recently rebutted a Bloomberg report claiming that his artificial intelligence startup, xAI Corp., has secured $500 million in funding. This funding was reportedly part of a larger aim to raise $1 billion in investment. Musk responded on the social media platform X, formerly known as Twitter, labeling the report as "simply not accurate."

Elon Musk's AI venture, xAI, aims to raise a significant $1 billion from equity investors. Musk's company has already secured nearly $135 million. Musk's foray into the AI segment represents a significant shake-up in the competitive landscape of AI development. His track record of innovation and disruption suggests that xAI could introduce groundbreaking advancements and novel applications in AI.