According to a report made on Thursday with the U.S. Securities and Exchange Commission, Elon Musk’s artificial intelligence business, xAI, has raised $6 billion.
Investors gave a minimum rate of $77,593 according to the filing rates. The Wall Street Journal reported that Valor Equity Partners Sequoia Capital and Andreessen Horowitz were predicted to contribute to the round, along with Qatar Investment Authority, Qatar’s sovereign wealth fund.
The new fresh cash brings up the additional funding and adds to the $6 billion tranche that xAI raised last spring, bringing the total amount raised to $12 billion. According to a CNBC story from November, xAI aims to be valued at $50 billion, which is quadruple what it was six months prior.
Ramping up near about AI
Musk formed xAI last year. Soon after, the company removed Grok, a flagship productive AI model that now powers a number of features on X. That also includes a chatbot accessible to X Premium subscribers and free users in some regions.
Grok has what Musk has defined as “a rebellious streak” — a readiness to answer.
Vulgar answers “spicy questions that are rejected by most other AI systems.”
Grok will also happily oblige, spouting profanities and colorful language you won’t hear from ChatGPT.
Despite Grok’s own reluctance to cross certain lines and avoid discussing politics, Musk has criticized ChatGPT and other AI systems for being too “woke” and “politically correct.” Although there is evidence that Grok leans left, he has also described Grok as “maximally truth-seeking” and less biased than rival models.
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