TechCrunch recently broke the news that Elon Musk's xAI raised $6 billion at a pre-money valuation of $18 billion.
The deal isn’t yet finalized, so the numbers could change. But it appears like Musk is making an ambitious pitch to investors for his 10-month-old startup – a rival to OpenAI, which he also co-founded and which he’s currently suing for allegedly violating his original commitment to concentrate on the nice humanity has given up on profiting.
You could also be wondering: Doesn't Musk have already got enough corporations? There's Tesla, SpaceX, X (formerly Twitter), Neuralink, The Boring Company… perhaps he should devote his time to existing corporations which have their very own problems.
But within the xAI pitch, Musk's connection to those other corporations is a feature, not a bug. xAI could gain access to key training data from across its empire – and its technology could, in turn, help Tesla realize its dream of true self-driving cars and produce its humanoid Optimus robot into factories.
Of course, Musk's hype isn't at all times like that match To reality. But with this impressive recent funding, xAI could turn out to be an excellent more formidable competitor within the AI world. Click play and leave your thoughts below!
