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X.AI Corp., [4] [5] doing business as xAI, is an American startup company working in the area of artificial intelligence (AI). Founded by Elon Musk in March 2023, its stated goal is "to understand the true nature of the universe".
On June 5, the Greater Memphis Chamber announced Elon Musk's plans to bring his xAI "Gigafactory of Compute," the world's largest supercomputer, to Memphis. This technological development has ...
Earlier this year, xAI raised a $6 billion Series B from A16z and Sequoia Capital at a $24 billion post-money valuation. The new round means the AI company has raised a total of $11 billion this year.
Elon Musk’s new AI startup could be valued at a higher-than-expected $20 billion in its first funding round, with investor demand surging as the process nears a close, The Post has learned.
Due to xAI's projected power use, it requires approvals from Memphis Light, Gas and Water (MLGW) and Tennessee Valley Authority (TVA).
Elon Musk’s startup xAI raises $6B in new funding round to challenge Grok rival ChatGPT ... Nvidia’s H100 family of powerful GPUs dominate the data center chip market for AI but can be hard to ...
A group of investors will put up $6 billion to fund development of artificial intelligence by Elon Musk's xAI. The company said on its website Sunday that the Series B funding round will be used ...
(Reuters) -Elon Musk's artificial intelligence startup xAI said on Thursday it has raised around $6 billion in equity financing as it races to compete with other AI firms.