Elon Musk's xAI Valued At $18 Billion In Latest Funding Round As Musk Looks To Take On $80 Billion OpenAI, A Company He Co-Founded

MSN -- Benzinga ^ | 5 -2 | Caleb Naysmith

[dennisw]

In its pitch to investors, xAI said it aims to "connect the digital and physical worlds," according to TechCrunch. The company’s goal is to train its artificial intelligence (AI) with data from Musk's companies â€" X, SpaceX, Tesla Inc., The Boring Company and Neuralink Corp.

Among the prominent investors participating in the funding round are Sequoia Capital and Future Ventures. Future Ventures was cofounded by Musk’s longtime friend Steve Jurvetson. Jurvetson, who has been a steadfast supporter of Musk’s ventures, served as a director at Tesla until 2020 and sits on the SpaceX board.

Business Insider reported that xAI sent an email to potential investors stating, “A significant number of LPs [limited partnerships] have been waiting for this deal since December 2023.” The email also said that xAI has “secured allocation in the upcoming equity round of x.AI” and that before its “first official funding round, Elon allocated a certain number of shares to his closet circle (a few GPs) at a premoney valuation of $15 billion.”

Founded in 2023, xAI launched its AI bot Grok in November to use "AI tools that maximally benefit all of humanity." Grok is available for use on the X platform.

[dennisw]

Has anyone tried his Grok AI? At twitter but you have to pay/

Try Perplexity AI. I use it all the time -— https://www.perplexity.ai/

If these stinkin robots are going to take over the world and crush humanity. Then I want them to be Elon\s I trust him to run SkyNet the most ethical way.
You know that Sam Altman who is always in the news. Who runs Open AI. He is worth just short of a billion and just married his (blech) boyfriend.
If anyone is on adrenochrome it is this Altman jamoke!

[rigelkentaurus]

logging in to Perplexity is rather clumsy. I just tried it for the first time and it looks promising.

[ckilmer]

if they train grok on musk company data—they’ll have the ability to make automated factories for anything.

[JonPreston]

[dennisw]

You are proof that we live in a simulation called Clown World.