According to techcrunch, a credible source with knowledge of the deal revealed thatxA It's 10 months since Elon Musk founded the artificial intelligence giant. OpenAI The competitor, which is about to complete theFinancing6 billion at a pre-investment valuation of $18 billion. The deal, which will give investors a quarter of the company unless the terms of the deal change, is expected to close in the coming weeks.
The 10-month-old company is a competitor to OpenAI and aims to enable the connection between the digital and physical worlds. Investors include Sequoia Capital, Future Ventures, Valor Equity Partners, and Gigafund, among others, most of whom have close ties to Musk.
xAI's promotional material suggests that the company's ambition is to realize its goals by connecting the digital and physical worlds. And Elon Musk plans to do this by bringing together training data from companies like Tesla, SpaceX, Boring Company, and Neuralink.
X, Musk's social media platform, has integrated Grok, the chatbot xEI launched a few months ago, into the platform as a paid add-on. With Grok, X is not only a customer, but also provides Grok with a large amount of distribution. In the future, Grok will take data from Musk's other companies to help it master the physical world in many ways, starting with actually implementing self-driving cars.
The most direct beneficiary of xAI's rapid growth may be X itself. Although the platform has turned into a toxic pond over the past 1.5 years since Musk acquired X and its value has declined significantly, Musk has ensured that X holds a stake in xAI, so X will benefit from any growth in xEI.
For OpenAI, the picture is unclear. Since the launch of its ChatGPT chatbot, OpenAI has become the fastest growing startup in history. Elon Musk has long viewed OpenAI as a competitor and recently sued OpenAI, publicly criticizing OpenAI co-founder Sam Altman and proposing that OpenAI change its name to ClosedAI.