Xai

Elon Musk's xAI raises another $6 billion from over 90 different investors in latest funding round

OpenAI, which has raised $17.9 billion since its founding in 2015, remains a formidable competitor. However, xAI is closing the gap rapidly. xAI's Colossus supercomputer is set to grow from 100,000 Nvidia GPUs to over a million

'Elon will do the right thing, won't abuse government powers,' says OpenAI CEO Sam Altman

Altman addressed concerns that Musk might misuse his proximity to political power to benefit his own businesses or harm competitors, calling such behaviour “profoundly un-American”

Fidelity marks up the value of its holdings in Elon Musk's X by 32.37% in October

Even though Fidelity marked up its holdings in X by an impressive 32.37 per cent, it still considers X to be worth substantially less than the $44 billion Musk initially paid for it, valuing the platform at nearly 72 per cent below its original purchase price

Elon Musk is seeking $4 billion as investment in his AI venture xAI, hoping to take on OpenAI

Elon Musk, in a bid to take on OpenAI and secure a sizeable portion of the infrastructure necessary for developing AI models, is looking for investors who can put up $3-4 billion in xAI. Musk's fundraising plans could potentially value xAI at $18 billion post-funding round

OpenAI is poaching Tesla's AI employees, Elon Musk claims he is forced to retain talent by boosting pay

OpenAI has been poaching employees from Tesla and XAi very aggressively. As a result, Elon Musk has been forced to increase their pay significantly in order to retain them

Elon Musk to open-source xAI’s Grok AI this week, challenges OpenAI to do the same with ChatGPT

Elon Musk will open-source a significant portion of GrokAI's source code this week, the billionaire tech mogul announced. With this Grok will join a long list of AI studios that have open-sourced their source code for people to see, and possibly replicate

Vantage | Why is OpenAI battling out with Elon Musk?

Musk could be hoping his lawsuit helps his new company. If OpenAI is forced to become open-source, he can use its technology to boost his own, for-profit company

Elon’s Hypocrisy? OpenAI reveals Musk backed for-profit plans, wanted Tesla to take over

OpenAI has now fired back by revealing emails suggesting that Musk himself supported the idea of transforming OpenAI, the studio behind ChatGPT and Dall-E into a for-profit venture, merge it with Tesla, and become the CEO of the resulting entity

Sacked X employees in Africa finally get their severances after a year of being laid off

Former employees of X who were based out of Africa have finally been given their severances after almost a year of laid off. The severances comes as part of a settlement after several fired employees threatened legal action

Elon Musk hopes his Tesla, SpaceX credentials will be enough to draw investors to xAI

Elon Musk is trying to raise capital for his AI venture, xAI, the backers of Grok AI. Musk hopes that investors are drawn to his AI venture based on how successful Tesla and SpaceX are