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Elon Musk’s X.AI Secures $6 Billion in Series B Funding Round

Cailey Thomsen

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ByCailey Thomsen

Elon Musk’s company, x.ai, recently posted some important updates. This company aims to compete with OpenAI, Anthropic, and Google. x.ai has been working on open-source large language models and made a big announcement on May 26, 2024.

They revealed their Series B funding round of $6 billion. This funding round values the company at $18 billion. Key investors include Valor Equity Partners and Nvidia.

Smiling businessman in a conference room.

The funds will help x.ai take its first products to market, build advanced infrastructure, and speed up research and development. x.ai focuses on developing AI systems that are truthful, competent, and beneficial for all of humanity.

Elon Musk also mentioned that there will be more announcements soon. This could mean new releases or cool demos. With the AI race heating up, Musk is spending more time on his AI company. The impact of x.ai could be huge, especially with recent demos like GPT 4.o and other advancements.

Another interesting piece of news is about Elon Musk’s supercomputer plans. An article from The Information reported that Musk plans to build a supercomputer called the "Gigafactory of Compute." He aims to train and run the next version of x.ai’s conversational AI, Gro.

This supercomputer will need 100,000 specialized semiconductors. Musk plans to connect all these chips into one massive computer. He wants the supercomputer running by fall 2025 and will personally ensure it’s delivered on time.

When completed, this group of Nvidia’s flagship H100 GPUs will be at least four times the size of the biggest GPU clusters today. These clusters are built by companies like Meta. This shows just how intense the investment in AI is right now. It’s not just about generative AI; other areas of AI are also seeing heavy investment.

In summary, x.ai’s recent funding and plans show that the AI field is rapidly advancing. Musk’s ambitious projects could bring significant changes to AI technology. With $6 billion in new funding, x.ai is well-positioned to make big strides in AI development.

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