INSUBCONTINENT EXCLUSIVE:
The company is in talks with investors for a new funding round that could value it at a staggering $40 billion.This move comes just months
after xAI raised $6 billion at a $24 billion valuation
The AI race is heating up in Silicon Valley
Companies are scrambling to secure funds for the costly computing power needed to develop and run AI systems.OpenAI recently raised $6.6
billion, valuing it at $157 billion
This was one of the largest private funding rounds in U.S
history.xAI is not alone in its quest for capital
Perplexity, an AI search startup, is also seeking new funds
Their goal is to more than double their valuation to $8 billion.These companies are not just competing with each other
Venture xAI Seeks Massive Funding Boost, Eyeing $40 Billion Valuation
He co-founded OpenAI in 2015 but left in 2018
This year, he sued the ChatGPT creator twice
Last week, xAI launched a tool for developers to create Grok-based apps
This move could open up new revenue streams for the company.xAI has been pushing boundaries in AI capabilities
In August, they added image generation to Grok
This feature, powered by Black Forest Labs, sparked controversy.It could generate images of real people in compromising situations, unlike
It will grow from 100,000 to 200,000 GPUs
Nvidia GPUs from Tesla to xAI
The startup also relies on data from X for training its AI models
One thing is sure: the stakes are high, and the competition is fierce in this rapidly evolving field.
