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Elon Musk’s xAI raises $6B to bolster battle against OpenAI

New York Post on MSN · 4d

Elon Musk’s xAI raises $6B to bolster battle against OpenAI: ‘Gonna need a bigger compute!’

Elon Musk’s artificial intelligence startup xAI revealed that it raised $6 billion in its latest funding round as the startup continues to ramp up in its battle against bitter rival OpenAI.

TechCrunch · 3d

Elon Musk’s xAI lands $6B in new cash to fuel AI ambitions

Nevertheless, the deals — and xAI’s developer and consumer-facing products — have driven xAI’s revenue to around $100 million a year. For comparison, Anthropic is reportedly on pace to generate $1 billion in revenue this year, and OpenAI is targeting $4 billion by the end of 2024.

Business Insider on MSN · 5d

Meet the power players at Elon Musk's xAI, the startup taking on OpenAI with its Grok chatbot

Meet the key figures at Elon Musk's xAI, the $50 billion startup behind the chatbot Grok that's taking on ChatGPT.

The Indian Express · 3d

Elon Musk’s xAI raises $6 billion in new funding

A lot of compute is needed,” Mr. Musk said in a post about the financing, in which BlackRock, Fidelity and Sequoia participated.

OpenAI details plans to turn into a for-profit company

New York Post on MSN · 2d

OpenAI says it needs ‘more capital than we’d imagined’ as it details for-profit plan

OpenAI said it needs “more capital than we’d imagined” as the Sam Altman-led artificial intelligence pioneer outlined plans for revamping into a for-profit company.

TechCrunch · 1d

OpenAI lays out its for-profit transition plans

One of OpenAI’s co-founders, billionaire Elon Musk, has filed for an injunction to halt the company’s transition to a for-profit, accusing OpenAI of abandoning its original philanthropic mission. Musk has also alleged that OpenAI has deprived his own AI company, xAI, of capital by extracting promises from investors not to fund it.

The Verge on MSN · 1d

OpenAI announces plan to transform into a for-profit company

OpenAI has laid out plans to become a for-profit company. In a blog post published on Friday, OpenAI’s board said it will replace the company’s existing structure with one that puts control into the hands of its for-profit arm.

1d

Explainer: Why OpenAI plans transition to public benefit corporation

OpenAI on Friday laid out a plan to transition its for-profit arm into a Delaware public benefit corporation (PBC) to help it ...

1d

OpenAI reveals plan to convert to public benefit corporation

OpenAI announced plans to become a public benefit corporation and shed the control of its nonprofit board. Elon Musk and Meta ...

1d

Sam Altman's OpenAI Plans Major Revamp Of Corporate Structure

OpenAI plans to restructure into a for-profit company in 2025, highlighting the need for significant capital. This move has ...

2d

Leaked Documents Show OpenAI Has a Very Clear Definition of ‘AGI’

But OpenAI has received more than $13 billion in funding from Microsoft over the years, and that money has come with a ...

2d

OpenAI defends for-profit shift as critical to sustain humanitarian mission

"We have a nonprofit and a for-profit today, and we will continue to have both, with the for-profit’s success enabling the ...

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