Elon Musk's artificial intelligence company, xAI, is reportedly in talks with investors to raise billions of dollars in new funding. According to The Wall Street Journal, this round of financing is valued at approximately $40 billion, nearly double its current valuation.
xAI, established last year, quickly gained attention shortly after its inception. In May of this year, the company successfully completed a $6 billion Series B funding round, facilitating rapid development. The news of new funding has sparked widespread interest. Musk has consistently emphasized that xAI has unique advantages, particularly in terms of data, enabling them to stand out in the competition.
Recently, xAI relocated its office to the former site of OpenAI and launched its first AI model, Grok, which supports multiple functions on Musk's social network platform, X. Currently, xAI has also introduced an API for enterprises, further expanding its market influence.
Moreover, xAI revealed that it is actively training the next-generation Grok model using a massive cluster consisting of 100,000 Nvidia GPUs. This extensive computational power gives xAI a stronger competitive edge in technology development. Musk has also stated that the vast amount of data on the X platform provides robust support for xAI's development.
It is worth noting that the X platform recently amended its privacy policy to allow third parties, including xAI, to use posts on the platform for model training. This policy change not only enhances data utilization efficiency but also further solidifies xAI's position in the market.
Key Points:
🚀 xAI is seeking billions of dollars in new funding, with an estimated valuation of $40 billion.
💼 The company completed a $6 billion Series B funding round in May, and new funding will significantly enhance its market valuation.
🔍 xAI is utilizing a large number of Nvidia GPUs to train new models, while the privacy policy adjustment on the X platform also aids in data utilization.