"It requires a lot of computing power," billionaire Elon Musk wrote on his personal X on December 24, mentioning xAI - the startup he founded in March last year.
On xAI's website, the company announced that it has just raised an additional 6 billion USD from large funds such as a16z, Sequoia Capital, Morgan Stanley, BlackRock, Fidelity, Kingdom Holdings...
The startup said the money will be used to build infrastructure and accelerate research and development. The ultimate goal of xAI is to "understand the true nature of the universe."
Major chipmakers like Nvidia and AMD also joined the new round as strategic investors and "continue to support the rapid expansion of xAI infrastructure."
Mr. Elon Musk ( right ) and Nvidia CEO Jensen Huang
According to the New York Times, this round of funding raises xAI's valuation to $35-40 billion, up from $24 billion earlier this year. The specific valuation of Mr. Musk's AI startup has not been disclosed.
Two months after its founding, xAI raised $6 billion, giving it a $24 billion valuation in its Series B round. In November, the WSJ reported that Musk raised another $5 billion, bringing the company’s valuation to $50 billion. But as it’s now been revealed, xAI has raised more money in its new round.
After leaving OpenAI and being constantly involved in lawsuits, Musk founded a new AI startup, competing with big companies in the market, including Open AI led by Sam Altman.
To catch up with his competitors in the market, billionaire Musk quickly built the " world's largest supercomputer" Colossus. This giant machine powers Grok, xAI's AI chatbot, which is being integrated into the social network X.
Colossus is powered by 100,000 Nvidia Hopper GPUs. xAI is planning to double the number of chips and release a second version of Grok.
In contrast to OpenAI’s commercial efforts, Musk has said that his new startup will be non-profit. The company plans to develop application programming interfaces (APIs) for developers to use on the platform, including the Aurora image generation model for Grok and Grok on X.
The company also announced that it is training Grok 3 and focusing on breakthrough products that leverage the power of Grok, Colossus, and X to change the way people live, work, and play.
Source: https://thanhnien.vn/ti-phu-elon-musk-huy-dong-them-6-ti-usd-cho-startup-ai-185241226201431499.htm
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