Artificial intelligence startup xAI, founded by Elon Musk, has reached a valuation of $50 billion and is preparing for a new round of investment with the participation of large venture capital funds, despite the previous one the founder's criticism of AI development.
Development of xAI Mask
Rapid growth of a startup
xAI Company , launched by Elon Musk in 2023, is rapidly gaining momentum. The startup, which initially announced its intention to explore the fundamental laws of the universe, has already managed to develop its own AI assistant, Grok, which uses data from Twitter for training.
Founder's Controversial Position
It is noteworthy that the founder of xAI previously took a critical position regarding the development of artificial intelligence. Musk not only supported a moratorium on AI development, but also publicly criticized OpenAI for commercializing technologies. His departure from OpenAI, where he was a co-founder, was officially explained by a conflict of interest with Tesla, although there are suggestions of disagreement over the distribution of leadership positions.
Investment prospects
Leading venture capital firms are planned to participate in the upcoming investment round: Valor Equity Partners, Sequoia Capital and Andreessen Horowitz. In addition, it is expected to attract funds from Qatari investment structures. By comparison, rival OpenAI was valued at $157 billion in its October funding round.
Glossary
- xAI - artificial intelligence startup founded by Elon Musk in 2023
- Grok - chatbot developed by xAI, integrated into Twitter
- OpenAI - artificial intelligence company co-founded by Elon Musk
- Tesla - American manufacturing company electric vehicles, led by Elon Musk
- Twitter - social network acquired by Elon Musk
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Discussion of the topic – Elon Musk's xAI: How an artificial intelligence startup surpassed the value of Twitter in a year
Analysis of the rapid growth in the value of Elon Musk's new AI startup, which reached a valuation of $50 billion, which exceeds the amount of the purchase of Twitter.
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Lorenzo
I wonder how quickly xAI will catch up to OpenAI in terms of valuation. 50 billion is impressive, but still three times less. Although given the connection with Twitter and access to data, the potential is huge! 🚀
Marie
It's funny to watch Musk first criticize AI and then create a company himself. Although his idea of understanding the nature of the universe sounds promising ✨
Hans
Lorenzo, I agree! And the integration of Grok into Twitter means a ready-made user base. Cleverly thought out 🤓
Viktor
All this hype about AI is a waste of money and time. Previously, people lived well without any bots and neural networks. Another soap bubble that will burst. 😤
Isabella
Marie, I think he just wants to create a safer and more controlled AI. After leaving OpenAI, he clearly had his own vision of technology development 🤔
Hans
Viktor, technology does not stand still! It's like saying that cars are not needed because we used to ride horses 😅
Lorenzo
Qatari investors are serious. With this support, xAI can really compete with OpenAI 💪
Marie
Isabella, exactly! And it’s interesting that Grok learns from tweets - this is a living language, not dry texts. Maybe that’s why he’ll turn out to be more humane 🌟