Musk plans to raise up to $6 billion to develop xAI and win the OpenAI competition. Elon Musk's startup is in an active hurry to find investors for its project, turning to the global investor community, including Hong Kong. This information is reported by the FT.""""The businessman's startup has become particularly attractive to investors in recent weeks, according to sources who told the FT. In particular, cooperation with the family's Hong Kong family offices has been considered.""Musk is trying to raise up to $6 billion in new capital for his company xAI, which is valued at $20 billion, according to three sources with knowledge of the talks. However, they cautioned that negotiations are still ongoing and Musk is testing investors' interest in such large sums." Korea.""A Hong Kong fundraiser for a US AI company could be a politically difficult process due to rising geopolitical tensions. Washington is trying to restrict exports to prevent the development of advanced Chinese technology. In 2020, the Biden administration banned investment in Chinese artificial intelligence, including in Hong Kong.""Late last year, xAI unveiled its first product, Grok, a chatbot designed to answer questions with wit and rebellious style.
Answers to the questions:
Which artificial intelligence project plans to attract $6 billion in investment?
Elon Musk's startup - xAI - plans to attract up to $6 billion in investment for the development of its artificial intelligence project.
Which artificial intelligence project received support from Microsoft?
Elon Musk's startup xAI has taken on the Microsoft-backed OpenAI challenge.
What product was introduced by xAI late last year?
xAI has introduced its first product, Grok, a chatbot that answers questions with wit and a rebellious streak.
More information:
- Elon Musk is an entrepreneur and inventor from the USA, founder of SpaceX, Tesla and Neuralink.
- xAI is an artificial intelligence startup founded by Elon Musk.
- OpenAI is an artificial intelligence development project supported by Microsoft.
- Microsoft is one of the largest software development companies.
- Hong Kong is a special administrative region of China.
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Discussion of the topic – Elon Musk xAI - Artificial intelligence that will change the world
Elon Musk's startup xAI raises $6 billion and challenges OpenAI. Investments are sought in Hong Kong and around the world. What makes xAI so tactical for business and cyber? Find out in our article.
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