x.ai

Elon Musk’s full offer letter to buy OpenAI reveals five key details

A consortium of investors led by Elon Musk’s x.AI offered to buy OpenAI for $97.4 billion last week. OpenAI CEO Sam Altman has dismissed the proposal, which would gum up OpenAI’s planned conversion from a non-profit, something Musk is attempting to block in a lawsuit.  Altman’s lawyers argued in a Wednesday filing that Musk can’t […]

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Black Forest Labs, the company that powers Grok’s image generation, is raising another $100M on a $1B valuation, say sources

While OpenAI pursues yet another monster fundraise, it is not stealing all the oxygen in the room: AI startups building promising foundational models can still open doors, and checkbooks. For example, multiple sources tell us that Black Forest Labs — a startup building generative AI image models, which only came out of stealth two months

Black Forest Labs, the company that powers Grok’s image generation, is raising another $100M on a $1B valuation, say sources Read More »

Grok’s image generator, Black Forest Labs, is raising $100M at a $1B valuation, say sources

While OpenAI pursues yet another monster fundraise, it is not stealing all the oxygen in the room: AI startups building promising foundational models can still open doors, and checkbooks. Multiple sources tell us that Black Forest Labs — a startup that’s building generative AI image models and came out of stealth two months ago with

Grok’s image generator, Black Forest Labs, is raising $100M at a $1B valuation, say sources Read More »