The race to develop more and better AI is escalating as multiple investors hand out big checks to startups to cash in on what has captured Silicon Valley’s attention over the past year. . Today, billionaire entrepreneur Elon Musk “Artificial Intelligence Startup xAI” The startup is in talks to raise up to $6 billion.” opens in a new tab The startup is raising money from wealthy Middle Eastern funds and is raising money from a Hong Kong family, according to people familiar with the situation. The company is said to be in talks with the office. Musk also contacted investors in South Korea and Japan regarding the latest fundraising efforts, but his office did not respond to requests for comment.
Elon Musk has never been secretive about his plans to build safer AI. xAI made headlines last year when it introduced Grok, a chatbot positioned as an adversary to OpenAI’s ChatGPT. Musk has frequently emphasized the importance of developing AI responsibly. He recently warned against developing robotics and artificial intelligence outside of Tesla until he has more influence over the company’s decisions. Mr. Musk expressed his concern about leading Tesla to artificial intelligence without receiving 25% of the vote.
Some backstory — OpenAI, the company behind ChatGPT, was founded in San Francisco in 2015 by Elon Musk (Tesla, X, xAI), Llya Sutskever, Wojciech Azremba, Greg Brockman, and ChatGPT’s current CEO, Sam Altman. Musk left OpenAI in 2018, citing conflicts of interest with AI in Tesla’s business. In July 2023, Musk said he would aim for xAI to “understand truth.” nature of the universe” Since leaving OpenAI, Musk has continued to give lectures and advocate caution in AI innovation.
Startups have been in a down market for some time, but thanks to AI with bright spots in the industry such as ChatGPT, many startups in this space are enjoying great funding conditions.
