Elon Musk’s artificial intelligence initiative xAI has completed its latest investment round. With this investment round, xAI reached a valuation of $50 billion. This money seems to make Elon Musk forget the $44 billion he poured into X.
An artificial intelligence initiative founded by Elon Musk that still seems more like an extension of X xAIcompleted its last financing round with a valuation of $50 billion. Thus, xAI is more than the money Elon Musk poured into X. has become more valuable. Moreover, X has lost serious value during the Elon Musk period.
xAI appears to have a growth situation that is exceeding expectations. Because the initiative was launched just a few months ago. 25 billion dollars had the valuation. Total valuation with investment rounds made, doubled It’s out.
xAI will give its money to NVIDIA
According to news based on sources familiar with the subject, xAI, with the money in hand Will knock on NVIDIA’s door. In this context; It is said that Elon Musk and his team will purchase up to 100 thousand new chips from NVIDIA, and artificial intelligence models will be trained with these chips. However, how to make an agreement between the parties? It is not clear yet.
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Meanwhile; Let’s also say that xAI will make very big announcements next month. In fact, according to Elon Musk, the third version of the language model named “Grok” is “The world’s most powerful artificial intelligence” will happen. If this happens, investors may show more interest in xAI. This means that the startup will invest in OpenAI a tougher rival can make it happen.
Source :
https://www.wsj.com/tech/ai/elon-musks-startup-xai-valued-at-50-billion-in-new-funding-round-7e3669dc
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