Elon Musk’s artificial intelligence startup xAI has raised $6 billion in funding in its investment round. This money will be used for new technologies, R&D studies, and infrastructure.
There has been an important development regarding xAI, the artificial intelligence startup that billionaire businessman Elon Musk aims to position as a competitor to OpenAI. The team announced that it has completed its Series B investment round with a valuation of $6 billion.
In the statement made by xAI, it was mentioned that brand new artificial intelligence technologies will be developed with the collected funds and released to the market. Additionally, advanced infrastructure projects and research and development processes will also be implemented thanks to these funds.
“We will develop technologies that will provide maximum benefit”
In a statement on xAI’s official website, it was mentioned that they are working to develop artificial intelligence technologies that are accurate, competent, and will provide maximum benefit for all humanity. The main mission of the company is to understand the true nature of the universe.
Elon Musk has been one of the early proponents of artificial intelligence. In fact, he was one of the key figures that helped OpenAI reach its current status.
However, recently, there has been serious tension between Elon Musk and OpenAI. Amidst this tension, Elon Musk is striving to bring his own artificial intelligence venture, xAI, to the forefront. Time will tell if he can succeed in this regard.
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