{"id":329663,"date":"2024-05-28T10:08:14","date_gmt":"2024-05-28T10:08:14","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=404942"},"modified":"2024-05-28T10:08:14","modified_gmt":"2024-05-28T10:08:14","slug":"musk-xai-venture-secures-6b-in-funding","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2024\/05\/28\/musk-xai-venture-secures-6b-in-funding\/","title":{"rendered":"Musk xAI venture secures $6B in funding"},"content":{"rendered":"

<\/p>\n

Elon Musk\u2019s AI start-up xAI closed a $6 billion funding round on an $18 billion valuation, as the entrepreneur ramps up his challenge to OpenAI and technology giants Google and Microsoft in the much-hyped segment.<\/p>\n

xAI stated its Series B funding round included participation from a number of key investors, including capital investors Sequoia Capital and Andreessen Horowitz, in addition to Saudi’s Kingdom Holding.<\/p>\n

In a post on X, Musk revealed the pre-money valuation of $18 billion, before adding there will be more to announce in the coming weeks. He also pushed the company’s ethos on pursuing the truth, “without regard to popularity or political correctness”.<\/p>\n

Established a year ago, xAI has made strides in generative AI, launching the Grok chatbot<\/a> as a direct competitor to OpenAI\u2019s ChatGPT. The model has been trained and integrated on to Musk\u2019s social media company X and is available to the company\u2019s premium subscribers.<\/p>\n

xAI said it plans to use the cash infusion to take xAI\u2019s \u201cproducts to market, build advanced infrastructure and accelerate the research and development of future technologies\u201d.<\/p>\n

The company added it is seeking to grow its workforce, hiring for numerous roles. <\/p>\n

The post Musk xAI venture secures $6B in funding<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n\n

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Elon Musk\u2019s AI start-up xAI closed a $6 billion funding round on an $18 billion valuation, as the entrepreneur ramps up his challenge to OpenAI and technology giants Google and Microsoft in the much-hyped segment.<\/p>\n

The post Musk xAI venture secures $6B in funding<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":247,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"Musk xAI venture secures $6B in funding - ITTeacherITFreelance.hk","description":"Elon Musk\u2019s AI start-up xAI closed a $6 billion funding round on an $18 billion valuation, as the entrepreneur ramps up his challenge to OpenAI and technology g"},"footnotes":""},"categories":[11,8],"tags":[10814],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/329663"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/247"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=329663"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/329663\/revisions"}],"predecessor-version":[{"id":329664,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/329663\/revisions\/329664"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=329663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=329663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=329663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}