Elon Musk listens as US President-elect Donald Trump speaks throughout a Home Republicans Convention assembly on the Hyatt Regency on Capitol Hill on November 13, 2024 in Washington, DC.
Allison Robbert | Getty Photos
Elon Musk’s synthetic intelligence firm xAI is elevating as much as $6 billion at a $50 billion valuation, based on CNBC’s David Faber.
Sources advised Faber that the funding, which ought to shut early subsequent week, is a mix of $5 billion anticipated from sovereign funds within the Center East and $1 billion from different traders, a few of whom might wish to re-up their investments.
The cash will probably be used to accumulate 100,000 Nvidia chips, per sources conversant in the scenario. Tesla‘s Full Self Driving is anticipated to depend on the brand new Memphis supercomputer.
Musk’s AI startup, which he introduced in July 2023, seeks to “perceive the true nature of the universe,” based on its web site. Final November, X.AI launched a chatbot referred to as Grok, which the corporate mentioned was modeled after “The Hitchhiker’s Information to the Galaxy.” The chatbot debuted with two months of coaching and has real-time information of the web, the corporate claimed on the time.
With Grok, X.AI goals to instantly compete with firms together with ChatGPT creator OpenAI, which Musk helped begin earlier than a battle with co-founder Sam Altman led him to depart the mission in 2018. It’ll even be vying with Google’s Bard know-how and Anthropic’s Claude chatbot.
In early 2023, Musk reportedly secured hundreds of high-powered graphics processing items (GPUs) from Nvidia, the sort of chips vital to construct a big language mannequin.
This story is growing. Test again for updates.
