From The New York Times: 2024-05-27 10:05:08

Elon Musk’s AI company, xAI, secured $6 billion in funding to enhance its products and research, valuing the company at $18 billion. Major tech players like Google, Meta, and Microsoft invest heavily in AI to stay competitive as generative AI technology becomes essential in the industry. OpenAI and Anthropic also see significant valuation growth.

Musk, who founded xAI after leaving OpenAI, continues to be a key player in the AI industry. He is in a legal battle with OpenAI and its CEO for allegedly prioritizing profits over public interest in AI development. Musk released xAI’s chatbot code amidst the ongoing debate over open-sourcing AI systems for safety measures.

In a recent public appearance, Musk acknowledged that xAI still needs to catch up with rivals like OpenAI and Google. The competition in the AI industry is fierce, with major players investing billions to advance their technologies. With continuous improvements in generative AI models, staying ahead in the market is crucial.



Read more at The New York Times: Elon Musk’s xAI Raises $6 Billion