Musk’s xAI exhibits there’s more cash on the sidelines for AI startups

We’re off to an AI-heavy begin to the week. OpenAI has a new deal with the Financial Times that caught our eye. Positive, it’s one other content material licensing deal, however there seems to be a bit extra within the tie-up than simply content material flowing a technique and cash the opposite.

We additionally dug into the xAI news that TechCrunch broke recently: Musk’s AI enterprise is just not trying to elevate $3 billion on a $15 billion valuation. No, it’s now in search of $6 billion at an $18 billion valuation. That’s a lot of capital.

There was much more to speak about, together with the EU handing Apple even more bad news by inserting iPadOS beneath its DMA guidelines. That ought to drive third-party app shops on the Apple pill line in time. And, Tesla received some excellent news in China, although simply how impactful it would show is just not sure at this juncture.

And to shut out, the New York Occasions has a fascinating look at how briskly enterprise capitalists are placing cash into AI startups. Given OpenAI’s potential to land large offers with Microsoft cash, I’m wondering whether it is sufficient?

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