Elon Musk’s xAI secured $6 billion in funding to advance its Grok chatbot and supercomputer, aiming to rival OpenAI while prioritizing safe AI development backed by major investors and tech giants.
So, who’s betting on xAI? Heavyweights like BlackRock, Fidelity, and Sequoia Capital, plus some serious backing from chip giants NVIDIA and AMD. Even investment funds from Saudi Arabia and Qatar are in on the action.
One of xAI’s standout creations is the Grok chatbot, already making waves on Elon’s social media platform, X. The chatbot runs on what Musk calls the world’s largest supercomputer, set up in Memphis. It’s designed to handle the heavy-duty computing needed for next-gen AI tech, and it’s already live for X subscribers.
For your information, Musk co-founded OpenAI but parted ways with Sam Altman and the team in 2018 due to creative disagreements. Even though he has been outspoken about the risks of AI, he maintains that he is developing xAI to make AI safer for people.
The bottom line? With $6 billion under its belt, xAI is ready to take the AI industry by storm. This is only the beginning, so stay tuned!
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