Elon Musk listens as U.S. President-elect Donald Trump speaks during the House Republican Conference session at the Hyatt Regency on Capitol Hill on November 13, 2024 in Washington, DC.
Alison Robert | Getty Images
Elon Musk’s artificial intelligence company xAI is raising up to $6 billion at a $50 billion valuation, according to CNBC’s David Faber.
Sources told Faber that the funding, which is set to close early next week, is a combination of an expected $5 billion from sovereign funds in the Middle East and $1 billion from other investors, some of whom want to reinvest. .
The money will be used to get 100,000. Nvidia Chips, according to sources familiar with the situation. TeslaFull self-driving is expected to rely on the new Memphis supercomputer.
Musk’s AI startup, which he announced in July 2023, seeks to “understand the true nature of the universe,” according to its website. Last November, xAI released a chatbot called Grok, which the company said was modeled after “The Hitchhiker’s Guide to the Galaxy.” The company claimed at the time that the chatbot started with two months of training and had real-time knowledge of the internet.
With Grok, xAI aims to compete directly with companies including OpenAI, creator of ChatGPT, which Musk helped launch before a dispute with co-founder Sam Altman led him to leave the project in 2018. Forced to It will also compete with Google’s Bard technology and Anthropic’s Claude chatbot. .
Now that Donald Trump is president-elect, Musk has been actively working with the new administration in recent weeks as part of Trump’s inner circle, on his approach to AI and tech.
Trump plans to rescind President Joe Biden’s executive order on AI, according to his campaign platform, saying it “impedes AI innovation, and radical left-wing views on the technology’s development.” imposes” and that “in its place, Republicans favor free speech and human flourishing.”
