xAI, Elon Musk\u2019s AI company, has raised $6 billion, according to a filing with the U.S. Securities and Exchange Commission on Thursday.<\/p>\n\n\n\n
Investors gave a minimum of $77,593, per the filing (97 participated, but the document doesn\u2019t reveal their identities). The Wall Street Journal previously reported that Valor Equity Partners, Sequoia Capital, and Andreessen Horowitz were expected to contribute to the round, along with Qatar Investment Authority, Qatar\u2019s sovereign wealth fund.<\/p>\n\n\n\n
The new cash brings xAI\u2019s total raised to $12 billion, adding to the $6 billion tranche xAI raised this spring. CNBC reported in November that xAI was aiming for a $50 billion valuation \u2014 double its valuation as of six months ago.<\/p>\n\n\n\n
According to the Financial Times, only investors who\u2019d backed xAI in its previous fundraising round were permitted to participate in this one. Reportedly, investors who helped finance Musk\u2019s Twitter acquisition were given access to up to 25% of xAI\u2019s shares.<\/p>\n\n\n\n
Musk formed xAI last year. Soon after, the company released Grok, a flagship generative AI model that now powers a number of features on X, including a chatbot accessible to X Premium subscribers and free users in some regions.<\/p>\n\n\n\n
Grok has what Musk has described as \u201ca rebellious streak\u201d \u2014 a willingness to answer \u201cspicy questions that are rejected by most other AI systems.\u201d Told to be vulgar, for example, Grok will happily oblige, spewing profanities and colorful language you won\u2019t hear from ChatGPT.<\/p>\n\n\n\n
Musk has derided ChatGPT and other AI systems for being too \u201cwoke\u201d and \u201cpolitically correct,\u201d despite Grok\u2019s own unwillingness to cross certain boundaries and hedge on political subjects. He\u2019s also referred to Grok as \u201cmaximally truth-seeking\u201d and less biased than competing models, although there\u2019s evidence to suggest that Grok leans to the left.<\/p>\n","protected":false},"excerpt":{"rendered":"
xAI, Elon Musk\u2019s AI company, has raised $6 billion, according to a filing with the U.S. Securities and Exchange Commission on Thursday. Investors gave a minimum of $77,593, per the filing (97 participated, but the document doesn\u2019t reveal their identities). The Wall Street Journal previously reported that Valor Equity Partners, Sequoia Capital, and Andreessen Horowitz […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-1032","post","type-post","status-publish","format-standard","hentry","category-tech"],"_links":{"self":[{"href":"https:\/\/www.timesofmedia.com\/news\/wp-json\/wp\/v2\/posts\/1032","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.timesofmedia.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.timesofmedia.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.timesofmedia.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.timesofmedia.com\/news\/wp-json\/wp\/v2\/comments?post=1032"}],"version-history":[{"count":1,"href":"https:\/\/www.timesofmedia.com\/news\/wp-json\/wp\/v2\/posts\/1032\/revisions"}],"predecessor-version":[{"id":1033,"href":"https:\/\/www.timesofmedia.com\/news\/wp-json\/wp\/v2\/posts\/1032\/revisions\/1033"}],"wp:attachment":[{"href":"https:\/\/www.timesofmedia.com\/news\/wp-json\/wp\/v2\/media?parent=1032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.timesofmedia.com\/news\/wp-json\/wp\/v2\/categories?post=1032"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.timesofmedia.com\/news\/wp-json\/wp\/v2\/tags?post=1032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}