On November 13, 2024, Musk listened to US President-elect Trump’s speech at the House Republican Conference at the Hyatt Regency Hotel on Capitol Hill in Washington, DC.
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According to CNBC’s David Faber, Elon Musk’s artificial intelligence company xAI will raise up to $6 billion at a valuation of $50 billion.
The funding, which is expected to be completed early next week, includes an expected $5 billion from Middle Eastern sovereign funds and $1 billion from other investors, some of whom may want to reinvest, sources told Faber.
The money will be used to acquire 100,000 NVIDIA According to sources familiar with the situation. TeslaFully autonomous driving is expected to rely on the new Memphis supercomputer.
According to Musk’s website, he announced the establishment of an artificial intelligence startup in July 2023 to “understand the true nature of the universe.” Last November, X.AI released a chatbot called Grok, which the company said was modeled after “The Hitchhiker’s Guide to the Galaxy.” The chatbot debuted after two months of training and had instant knowledge of the internet, the company claimed at the time.
X.AI aims to compete directly with companies including ChatGPT creator OpenAI through Grok. Competes with Google’s Bard technology and Anthropic’s technology.
Now that Donald Trump has been elected president, Elon Musk has in recent weeks begun actively working with the new administration on the broader artificial intelligence and technology fields as part of Trump’s inner circle cooperate.
Trump plans to rescind President Biden’s executive order on artificial intelligence campaign platformnoting that it “hinders AI innovation and imposes radical left-wing ideas on the development of this technology” and that “Republicans support the development of AI rooted in free speech and human flourishing.”
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