Connect with us

Hi, what are you looking for?

Contribution AmericansContribution Americans

Tech News

Elon Musk’s xAI raises $6 billion to fund its race against ChatGPT and all the rest

Vector illustration of the xAI logo.
The Verge

Elon Musk founded xAI last summer, and today it announced raising $6 billion in funding, saying it will help bring the startup’s “first products to market, build advanced infrastructure, and accelerate the research and development of future technologies.”

So far, xAI has launched Grok, a supposedly edgier version of OpenAI’s ChatGPT available via X, formerly known as Twitter, where the chatbot is currently only available to X Premium subscribers.

Funding in this round came from several sources, according to xAI, including Andreessen Horowitz, Sequoia Capital, and Saudi Arabian Prince Al Waleed bin Talal. Last year, a filing with the Securities and Exchange Commission showed that xAI was looking to raise up to $1 billion in equity…

Continue reading…

You May Also Like

Editor's Pick

On this week’s edition of StockCharts TV‘s StockCharts in Focus, Grayson discusses the most important chart on all of StockCharts – your default ChartStyle! In addition...

Editor's Pick

Over the previous week, the markets were expected to inch higher; however, at the same time, while it was expected that incremental highs may...

Tech News

Image: David Pierce / The Verge Hi, friends! Welcome to Installer No. 36, your guide to the best and Verge-iest stuff in the world....

Editor's Pick

Now that earnings season has begun, what can you expect the stock market to do, especially after its stellar Q1 run? Well, after a...