TechCrunch not too long ago broke the information that Elon Musk’s xAI is raising $6 billion at a pre-money valuation of $18 billion.
The deal hasn’t closed but, so the numbers may change. Nevertheless it seems like Musk is making an formidable pitch to buyers about his 10-month-old startup — a rival to OpenAI, which he additionally co-founded and is currently suing for allegedly abandoning its preliminary dedication to concentrate on the nice of humanity over revenue.
Chances are you’ll be questioning: Doesn’t Musk have sufficient corporations already? There’s Tesla, SpaceX, X (previously Twitter), Neuralink, The Boring Firm … possibly he ought to spend his time on the present companies which have struggles of their own.
However within the xAI pitch, Musk’s connection to those different corporations is a function, not a bug. xAI may get entry to essential coaching information from throughout his empire — and its expertise may, in flip, assist Tesla obtain its dream of true self-driving automobiles and produce its humanoid Optimus robotic into factories.
After all, Musk’s hype doesn’t at all times match up to reality. However with this spectacular new funding, xAI may turn out to be an much more formidable competitor within the AI world. Hit play, then depart your ideas under!
