Elon Musk's AI Startup XAI In Talks To Raise $3 Billion
The potential raise of $3 billion for Elon Musk's AI startup XAI, with a valuation of $18 billion post-investment, signals significant interest in the company's potential.
The involvement of venture capital firm Gigafund, Steve Jurvetson, and others underscores investor confidence in XAI's vision. While negotiations are ongoing and terms are yet to be finalized, this development highlights the accelerating pace of AI innovation.
XAI's recent launch of Grok-1.5, an upgraded chatbot, further positions it in competition with industry players like OpenAI.