Elon Musk listens as US President-elect Donald Trump speaks throughout a House Republicans Conference assembly on the Hyatt Regency on Capitol Hill on November 13, 2024 in Washington, DC.
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Elon Musk’s synthetic intelligence firm xAI is elevating as much as $6 billion at a $50 billion valuation, in accordance with ‘s David Faber.
Sources advised Faber that the funding, which ought to shut early subsequent week, is a mixture of $5 billion anticipated from sovereign funds within the Middle East and $1 billion from different buyers, a few of whom could wish to re-up their investments.
The cash shall be used to amass 100,000 Nvidia chips, per sources aware of the scenario. Tesla‘s Full Self Driving is anticipated to depend on the brand new Memphis supercomputer.
Musk’s AI startup, which he introduced in July 2023, seeks to “understand the true nature of the universe,” in accordance with its web site. Last November, xAI launched a chatbot known as Grok, which the corporate stated was modeled after “The Hitchhiker’s Guide to the Galaxy.” The chatbot debuted with two months of coaching and had real-time data of the web, the corporate claimed on the time.
With Grok, xAI goals to straight compete with corporations together with ChatGPT creator OpenAI, which Musk helped begin earlier than a battle with co-founder Sam Altman led him to depart the undertaking in 2018. It may also be vying with Google’s Bard know-how and Anthropic’s Claude chatbot.
Now that Donald Trump is president-elect, Musk is starting to actively work with the brand new administration on its strategy to AI and tech extra broadly, as a part of Trump’s interior circle in current weeks.
Trump plans to repeal President Joe Biden’s government order on AI, in accordance with his campaign platform, stating that it “hinders AI Innovation, and imposes Radical Leftwing ideas on the development of this technology” and that “in its place, Republicans support AI Development rooted in Free Speech and Human Flourishing.”
