Elon Musk’s xAI lands $6B in new cash to fuel AI ambitions
Nevertheless, the deals — and xAI’s developer and consumer-facing products — have driven xAI’s revenue to around $100 million a year. For comparison, Anthropic is reportedly on pace to generate $1 billion in revenue this year, and OpenAI is targeting $4 billion by the end of 2024.
The AI firm has dedicated at least $12 billion this year into its Grok AI model and its “Colossus” supercomputer located in ...
AI finished raising $6 billion in new funding and has begun receiving Nvidia GB200 chips. The chips are arriving about a ...
Nvidia and AMD’s participation in xAI’s funding round means they are directly financing a rival to their major customers.
Elon Musk's AI company, xAI, is testing out a standalone iOS app for its chatbot, Grok, which was available only to X users ...
Elon Musk's AI venture, xAI, has achieved a significant milestone with the successful completion of a $6 billion Series C ...
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xAI secures an additional $6 billion from a16z, Nvidia, QIA, and othersIn a series C investment round, Elon Musk’s artificial intelligence venture xAI raised $6 billion. This adds to the $6 ...
The Kingdom Holding Company (KHC), a Saudi conglomerate holding company based in Riyadh, announced the acquisition of $400 ...
OpenAI, the creator of ChatGPT, announced a significant restructuring plan to transition its for-profit arm into a Public ...
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