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The race to build the most important companies in artificial intelligence is underway. And now, Elon Musk has just raised billions for his newest disruptive venture.
What’s happening:
- Elon Musk’s artificial intelligence startup xAI has raised $6B USD in a new Series B financing round
- The round saw notable participation from multiple Silicon Valley venture capital funds, including a16z and Sequoia Capital
Why it matters:
- Elon Musk has launched some of the most disruptive companies to ever come out of Silicon Valley, including PayPal (NASDAQ: PYPL), Tesla (NASDAQ: TSLA) and SpaceX
- The recent raise for xAI is one of the largest financing rounds ever for an artificial intelligence technology company
Going deeper:
- xAI recently debuted the official launch of their artificial intelligence model Grok, which is aiming to disrupt OpenAI’s ChatGPT
By the numbers:
- After this recent funding round, xAI is valued at approximately $24B USD
The intrigue:
- xAI has plans to build out a leading edge data centre to power the next wave of their artificial intelligence research and development, which aims to host a next generation supercomputer that could ultimately require as many as 100,000 GPUs from Nvidia in order to operate (NASDAQ: NVDA)
