Elon Musk’s xAI is reported to be worth over $24 billion according to Bloomberg News. The company is said to be close to completing financing, with a recent deal of $6 billion pending. Despite initial goals of raising $1 billion for the company in January, Musk has significantly increased his financial targets for xAI in a short period of time.
xAI’s potential success and Musk’s involvement have generated excitement and high expectations in the tech industry. Investors in Silicon Valley are particularly optimistic about xAI, given Musk’s previous successes with Tesla and SpaceX. Additionally, Musk has hinted that xAI and its chatbot Grok could potentially utilize data from his social media platform X (formerly Twitter), highlighting the importance of data access for building large language models that power AI chatbots.
Despite some concerns about the competition from popular ChatGPT, many believe that xAI has the potential to be a major player in the AI industry. With its ambitious goals and innovative approach, xAI is sure to generate even more excitement and anticipation as it continues to develop and grow.
