‎

Elon Musk's Al company, XAI, İs raising up to
$6 billion at a $50 billion valuation to purchase
100,000 Nvidia chips for its Memphis data center,
which will support Tesla's Full Self Driving technology.
The funding round includes $5 billion from sovereign
funds in the Middle East and $1 billion from other
investors. XAI, founded by Musk in July 2023,
launched its chatbot Grok in November, which aims
to compete with OpenAl's ChatGPT, Google's Bard,
and Anthropic's Claude. The company's mission is to
"understand the true nature of the universe,' with
plans to challenge major players in the Al space.
AMOUNT: $50,000,000
HQ: #PaloAlto #California
#VentureCapital #ElonMusk #xAl #TradedVC

2 years ago

Elon Musk's Al company, XAI, İs raising up to
$6 billion at a $50 billion valuation to purchase
100,000 Nvidia chips for its Memphis data center,
which will support Tesla's Full Self Driving technology.
The funding round includes $5 billion from sovereign
funds in the Middle East and $1 billion from other
investors. XAI, founded by Musk in July 2023,

2 years ago