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Elon Musk’s xAI raises $6B to bolster battle against OpenAI
Meet the power players at Elon Musk's xAI, the startup taking on OpenAI with its Grok chatbot
Meet the key figures at Elon Musk's xAI, the $50 billion startup behind the chatbot Grok that's taking on ChatGPT.
Elon Musk’s xAI raises $6B to bolster battle against OpenAI: ‘Gonna need a bigger compute!’
Elon Musk’s artificial intelligence startup xAI revealed that it raised $6 billion in its latest funding round as the startup continues to ramp up in its battle against bitter rival OpenAI.
Elon Musk’s xAI lands $6B in new cash to fuel AI ambitions
Nevertheless, the deals — and xAI’s developer and consumer-facing products — have driven xAI’s revenue to around $100 million a year. For comparison, Anthropic is reportedly on pace to generate $1 billion in revenue this year, and OpenAI is targeting $4 billion by the end of 2024.
Elon Musk's xAI raises $6 billion from Nvidia, AMD, and others
In total, 97 investors were involved in this round of funding, with the minimum investment per participant pegged at $77,593. Investors were only allowed to participate
Elon Musk’s xAI Raises $6 Billion in New Funding
A lot of compute is needed,” Mr. Musk said in a post about the financing, in which BlackRock, Fidelity and Sequoia participated.
OpenAI Plans Transition to Public Benefit Corporation
OpenAI's for-profit plan includes a public benefit corporation
The move] would enable us to raise the necessary capital with conventional terms like others in this space.” As part of the transformation, OpenAI’s nonprofit division would retain a stake in the for-profit unit in the form of shares “at a fair valuation determined by independent financial advisors,
OpenAI details plans for becoming a for-profit company
OpenAI revealed details Friday about its plans to adopt a new corporate structure that will remove the company from control by a nonprofit that has been the focus of contention.
OpenAI Wants to Create a ‘Public Benefit Corporation.’ Here’s What That Means.
OpenAI announced plans to refresh its corporate structure, indicating that though the year may be drawing to a close, the artificial intelligence battle is not. The company—which developed AI chatbot ChatGPT—says it wants to transform its current for-profit arm into a public-benefit corporation,
16h
on MSN
Nonprofit group joins Elon Musk’s effort to block OpenAI’s for-profit transition
Encode, a nonprofit AI safety org, has requested permission to file an amicus brief in support of Elon Musk's injunction to ...
3d
Elon Musk Vs. Sam Altman: Inside The Feud Over OpenAI And ChatGPT
A story of control and competition unfolds, with the ongoing feud between OpenAI co-founders, Elon Musk and Sam Altman.
thetechportal.com
6h
Non-profit group Encode unites with Elon Musk against OpenAI’s for-profit transition
A nonprofit organization Encode unites with Elon Musk against OpenAI's for-profit shift. Delaware public benefit corporation ...
Hosted on MSN
6d
OpenAI CEO: Elon Musk Is a 'Legendary Entrepreneur' But 'Clearly a Bully'
Musk 'did a lot to help OpenAI in the early day,' Sam Altman says in an interview with The Free Press, but he 'likes to get ...
13d
on MSN
Mark Zuckerberg sets aside his feud with Elon Musk to go after Sam Altman's OpenAI
Sam Altman's OpenAI should remain a nonprofit.
glassalmanac.com
3d
Elon Musk files a lawsuit against OpenAI and Microsoft
Elon Musk has never been one to shy away from confrontation, and his latest legal move is no exception. The billionaire ...
3h
OpenAI Outlines New For-Profit Structure to Drive AI Innovation Forward
OpenAI, the creator of ChatGPT, announced a significant restructuring plan to transition its for-profit arm into a Public ...
4h
'Need to raise more capital than we’d imagined': OpenAI announces plans to transition from non-profit structure
The restructuring isn’t without opposition. Last month, Elon Musk filed a motion to block OpenAI’s shift to for-profit status ...
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