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Elon Musk’s xAI raises $6B in equity financing
Elon Musk’s xAI raises $6B in equity financing as AI race heats up
Elon
Musk
’s
artificial
intelligence
startup xAI has raised another $6 billion from investors as it ramps up competition with Sam Altman-led OpenAI, according to a regulatory filing. XAI – which created that snarky “Grok” chatbot available on
Musk
...
Elon Musk’s xAI Secures $6 Billion in Second Fundraising Round of 2024
AI, has made waves in the tech world with its second major fundraising round of 2024, securing an additional $6 billion.
Elon Musk’s xAI raises $6B to scale up GPU infrastructure
The new funding raised by xAI comes after industry leader OpenAI raised $6.6 billion on a $157 billion valuation on Oct. 2, while another large player in AI, Anthropic PBC, was reportedly in talks to raise new funding at a $40 billion valuation in September.
Elon Musk, Donald Trump and cryptocurrency
Trump names venture capitalist and Elon Musk associate to be 'AI, crypto czar'
President-elect Donald Trump named venture capitalist and Elon Musk associate David Sacks to oversee artificial intelligence and cryptocurrency policy in his incoming administration.
Trump's AI and crypto czar will be David Sacks, a venture capitalist and Elon Musk ally
President-elect Donald Trump has named David Sacks as the White House’s artificial intelligence and cryptocurrency czar, giving the venture capitalist and vocal Republican donor influence over his administration’s policies.
Opinion
Trump Gives Elon Musk a Huge Gift With Latest Appointment
In a post on Truth Social, Donald Trump announced the appointment of Paypal COO David Sacks to a new position with an influential-sounding title: “White House A.I. & Crypto Czar.”
3d
on MSN
Elon Musk could still pocket tens of billions more dollars. But he might have to wait a bit
Elon Musk isn’t getting the $101 billion windfall he so desperately wanted. But he’s still among the richest people on the ...
Observer
9h
Sam Altman Clarifies OpenAI’s ‘Tension’ With Microsoft (and Elon Musk)
Someone Altman undoubtedly does have tension with, however, is Musk. One of OpenAI’s original co-founders, Musk is currently ...
2d
Meta to build $10 billion AI data center in Louisiana, Elon Musk’s xAI to expand Memphis facility
The largest artificial intelligence data center ever built by Facebook’s parent company Meta is coming to northeast Louisiana ...
10d
On Facebook, Elon Musk is an invention superhero. But many of these posts are made up
Facebook users post AI-generated images that make fake devices seem real, and they make it seem as if Elon Musk was behind ...
Rolling Out
8d
Elon Musk’s shocking leap into video game development: 5 key insights
Elon Musk launches xAI gaming studio, challenging corporate game development with innovative AI-powered approach and ...
2d
on MSN
Meta to build $10 billion AI data center in Louisiana as Elon Musk expands his Tennessee AI facility
Meanwhile, Elon Musk’s AI startup, xAI, is expanding its existing supercomputer project in Memphis, Tennessee.
2d
OpenAI CEO Thinks Musk Won’t Use Political Power Against Rivals
OpenAI Chief Executive Officer Sam Altman dismissed concerns that rival Elon Musk might use his newfound political influence ...
2d
on MSN
Elon Musk’s budget-cutter-in-chief role for Trump is a ‘dangerous combination’ that risks creating conflicts of interest with his AI empire
Elon Musk's future role advising President Trump on budget cuts through the new DOGE agency is raising alarm bells.
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