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Elon Musk’s xAI Completes $6 Billion Funding Round With $18 Billion Valuation

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Elon Musk reacts to news that Apple has canceled its self-driving project

Elon Musk's xAI announced a $6 billion funding round earlier today that saw participation from Middle Eastern and Western investors. xAI's primary product is its Grok chatbot, which has sought to differentiate itself from other chatbots like Google's Bard and OpenAI's ChatGPT. According to xAI, the funds from the latest round will be used to expand its A.I. capacity through infrastructure investments and develop systems that are "maximally beneficial for all of humanity." xAI Moves Ahead To Establish Itself In A Saturated A.I. Software Industry Ever since ChatGPT was publicly released and users were impressed with its ability to generate […]

Read full article at https://wccftech.com/elon-musks-xai-completes-6-billion-funding-round-with-18-billion-valuation/

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