Musk raises billions extra for AI firm | EUROtoday

With the brand new funding, Musk’s firm is likely one of the world’s highest valued startups with an estimated worth of $50 billion. Main competitor OpenAI with the chatbot ChatGPT is valued at an estimated $157 billion, however considerably larger.

xAI stated the six billion would even be used to speed up analysis and growth of “future technologies” to attain the corporate’s “mission” to “understand the true nature of the universe.” Musk wrote within the on-line service X that synthetic intelligence (AI) requires quite a lot of computing energy. The firm affords a chatbot referred to as Grok 2.

So far, the leaders in synthetic intelligence have been the massive expertise firms comparable to Microsoft, the most important investor in OpenAI, Google, Amazon and Meta. The growth of AI fashions that may sustain with the pioneers requires huge investments in IT infrastructure and know-how.

With the primary model of its chatbot ChatGPT, revealed in 2022, OpenAI made generative AI expertise accessible to a broad viewers for the primary time. Chatbots create texts, pictures or movies based mostly on written or oral requests. Musk based xAI in July 2023.