Investors close to Elon Musk are in talks to help xAI raise $3 billion in a round that would value the artificial-intelligence startup at $18 billion.
The venture-capital firm Gigafund and Steve Jurvetson, a prominent Musk backer and co-founder of another venture firm, are among the backers considering investing in the round, the people said.
X (twitter) has a 25% ownership stake of XAI.
Musk has a 13% ownership stake in Tesla and a 79% stake in Twitter.
Musk owns 42% of SpaceX.
Elon has a majority ownership of xAI but at an unreported amount.
xAI is releasing Grok 1.5 which is close to the capabilities of GPT4. xAI is training Grok 2 which reportedly is better than GPT4 and Claude 3.
If xAI catches up to OpenAI valuation then it would be over $80 billion in value.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.
>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Next Big Future – https://www.nextbigfuture.com/2024/04/xai-is-raising-3-billion.html
