Elon Musk's AI firm raises another $6 billion

Elon Musk's artificial intelligence (AI) company, xAI, announced Monday that it has closed a major new fundraising round of $6 billion. Capital must “accelerate its development” of society.

This funding will be used in particular to strengthen xAI's “cutting-edge infrastructure,” said in a press release the billionaire's company, which develops generative artificial intelligence products and wants to be a direct competitor to OpenAI, the originator of ChatGPT. “A strong calculation capacity is necessary,” commented Tuesday on his social network X the boss of Tesla and SpaceX, and now right-hand man of President-elect Donald Trump.

xAI thus wants to increase the capacity of its supercomputer dedicated to AI, Colossus, by doubling the number of its graphics chips manufactured by the sector leader Nvidia, from 100,000 to 200,000 chips, in order to train its models of artificial intelligence, like Grok. Nvidia is also one of the investors in this latest round alongside AMD, another American semiconductor manufacturer, but also the Blackrock funds, Sequoia Capital and the Morgan Stanley bank.

Risk of misinformation

Launched in July 2023, xAi had already raised $6 billion last May and its valuation is now around $50 billion, according to the American media CNBC. Elon Musk recently made his Grok 2 artificial intelligence available for free on

The billionaire is engaged in a battle against other tech giants to be at the forefront of the development of generative artificial intelligence, which burst onto the world stage with the launch of ChatGPT in 2022. OpenAI has also concluded its side at the beginning of October a fundraising of 6.6 billion dollars, which values ​​it at 157 billion.

Microsoft (OpenAI's main investor), Google, Amazon, Meta and others have spent billions of dollars and launched tools that easily produce stunning quality text, images and videos, and are now also the talk of the town. 'oral.

“Latest news”

Want to stay on top of the news? “Tribune de Genève” offers you two meetings per day, directly in your email box. So you don't miss anything that's happening in your canton, in Switzerland or around the world.

Other newsletters

Log in

ATS

Did you find an error? Please report it to us.

0 comments