Elon Musk’s AI company, xAI, is said to be in talks to raise $10 billion in a round that would value xAI at $75 billion. Bloomberg reported Friday that xAI is canvassing existing investors, including Sequoia Capital, Andreessen Horowitz, and Valor Equity Partners for the round, which would bring xAI’s total raised to $22.4 billion, […]
Elon Musk’s AI company, xAI, said to be in talks to raise $10B Read More »
A team of investors led by Elon Musk submitted a $97.6 billion bid to purchase OpenAI on Monday. The news comes by way of Musk’s lawyer, Marc Toberoff, who confirmed the reporting with The Wall Street Journal. The unsolicited bid is the latest escalation by Musk in his war with co-founder Sam Altman, with whom
Elon Musk-led team submits $97.4B bid for OpenAI Read More »
The next flagship AI model from Elon Musk’s AI company, xAI, might be nearing release. Over the weekend, several users on X, including reverse engineer Alexey Shabanov, reported gaining access to Grok 3, the successor to xAI’s current model, Grok 2, via X’s Grok chatbot app. Before their access was revoked, the users say that
Grok 3 seemingly went live for some users Read More »
Billionaire Elon Musk and OpenAI CEO Sam Altman are fighting on X about Stargate, the enormous infrastructure project to build data centers for OpenAI across the U.S. Stargate, announced Tuesday during a press conference at the White House, would funnel as much as $500 billion from investors including SoftBank and Middle East AI fund MGX
Elon Musk and Sam Altman take to social media to fight over Stargate Read More »
After two years of relatively muted investment activity, it seems that VCs are starting to pour capital into startups at pandemic-era levels once again. But a closer look shows that they aren’t really. In the fourth quarter of last year, investors funneled $74.6 billion into U.S. startups, a substantial increase from the average of $42
Elon Musk’s AI company, xAI, is testing out a standalone iOS app for its chatbot, Grok, which was available only to X users until now. The app, currently live in multiple countries including the U.S., Australia, and India, can access real-time data from the web and X, and offers generative AI features like rewriting text,
xAI is testing a standalone iOS app for its Grok chatbot Read More »
The list of flagship AI models that missed their promised launch windows continues to grow. Last summer, billionaire Elon Musk, the founder and CEO of AI company xAI, said that Grok 3, xAI’s next major AI model, would arrive by “end of year” 2024. Grok, xAI’s answer to models like OpenAI’s GPT-4o and Google’s Gemini,
xAI’s next-gen AI model didn’t arrive on time, adding to a trend Read More »
From AI advancements and CrowdStrike’s crash to WordPress drama and which startups VCs have their eyes on next, TechCrunch’s Equity podcast is saying goodbye to 2024 with a look back at the year’s biggest stories in tech. Listen to the full episode to hear hosts Kirsten Korosec, Margaux MacColl, Devin Coldewey and Anthony Ha dig
2024: Founder Mode, AI, and the ‘Rise of the Broligarchs’ Read More »
Updated December 25, 12:21 p.m. Pacific: Added details of xAI’s valuation and Kingdom Holdings’ contribution. xAI, Elon Musk’s AI company, has raised $6 billion in a Series C financing round. The company announced this week that Andreessen Horowitz , Blackrock, Fidelity, Lightspeed, MGX, Morgan Stanley, OIA, QIA, Sequoia Capital, Valor Equity Partners, Vy Capital, Nvidia,
Elon Musk’s xAI lands $6B in new cash to fuel AI ambitions Read More »
xAI, Elon Musk’s AI company, has raised $6 billion, according to a filing with the U.S. Securities and Exchange Commission on Thursday. Investors gave a minimum of $77,593, per the filing (97 participated, but the document doesn’t reveal their identities). xAI later announced (confirming some earlier reporting) that Andreessen Horowitz , Blackrock, Fidelity, Kingdom Holdings,
Elon Musk’s xAI lands $6B in new cash to fuel AI ambitions Read More »
