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Elon Musk is raising funds for xAI at a $15 billion pre-money valuation. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementElon Musk's new AI startup is luring more investors through special purpose vehicles that charge hefty fees, according to an email sent this week. Related storiesThe email lays out the terms if investors want to take part in the xAI financing round through special purpose vehicles. AdvertisementFor prospective xAI investors, these commitments come at a cost.
Persons: Elon Musk, , Elon, Musk, Kali Hays Organizations: xAI, Twitter, Service, Business Locations: khays@businessinsider.com
Tesla engineers are jumping ship to Elon Musk's AI startup, The Information reported. The report follows Musk's drive to gain more control over Tesla's AI strategy. Musk accused OpenAI of "aggressively recruiting Tesla engineers with massive compensation offers." He added he had been raising salaries for those on Tesla's AI engineering team in response. At the time, Dan Ives of Wedbush Securities said Musk's comments sparked a "firestorm."
Persons: , Elon Musk's xAI, Ethan Knight, Knight, Musk, gunning, Dan Ives, Ross Gerber Organizations: Elon, xAI, Service, Tesla, Business, Big Tech, Wedbush Securities Locations: xAI
Databricks, a cloud-based data software company, launched a new AI model on Wednesday — and the company says it's faster, cheaper, and more efficient than its larger competitors. The model, called DBRX, comes at a time of fierce competition in the generative AI field. DBRX, available as open source, is the culmination of the company's $1.3 billion purchase of AI startup MosaicML last July, as many of its staffers helped build DBRX. Also, the entire DBRX model has 132 billion parameters, the company said. Ghodsi told BI that a team at Databricks was responsible for filtering copyrighted material from the data used to train DBRX.
Persons: , Ali Ghodsi, Elon Musk's, Databricks, Ghodsi, Patrick Wendell, Wendell, Naveen Rao Organizations: Service, Business, Google, Microsoft Locations: San Francisco ., Databricks
Perplexity CEO Aravind Srinivas said Elon Musk's xAI is stiff competition in the recruiting space. The AI CEO said Musk's company offers the highest compensation at the moment. Aravind Srinivas, the CEO of the AI company Perplexity, said it can be difficult to compete with the Tesla CEO when recruiting. Musk launched his own AI startup, xAI, last year and Srinivas said it has since become one of the highest-paying companies for AI talent — on par with OpenAI. In January, Financial Times reported that Musk's AI venture was in talks to raise $6 billion at around a $20 billion valuation.
Persons: Aravind Srinivas, Elon Musk's, It's, , Elon Musk, Tesla, Musk, Srinivas, OpenAI, Alex Heath, Perplexity, Heath, OpenAI's ChatGPT, xAI's, Patrick Collison, Collison, Srnivas, he'd, Mark, Fortune, X Organizations: Service, OpenAI, Street Journal, Financial Times, xAI, TechCrunch, Twitter, SpaceX, Musk .
Apple and Google are reportedly in talks to integrate Google's Gemini into the iPhone. The deal, if finalized, would be a blow to Google's competitors like Elon Musk's xAI and Sam Altman's OpenAI. AdvertisementApple and Google are in talks to integrate Google's AI model Gemini into the iPhone, Bloomberg's Mark Gurman reported on Monday. The new Gemini-powered features could be introduced to iPhones this year, Bloomberg reported, citing people familiar with the negotiations. Representatives for Apple and Google declined to comment on the talks when contacted by Bloomberg.
Persons: Elon Musk's xAI, Sam Altman's OpenAI, , Mark Gurman Organizations: Apple, Google, Bloomberg, Service
Read previewThere's a running gag that Jensen Huang is to AI fanboys what Taylor Swift is to Swifties. Nvidia's GTC event, starting on Monday, should answer that. AdvertisementMatt Bryson, an analyst at Wedbush, expects Nvidia to lift the lid on the B100, the next-generation version of its H100 GPU. Can AI models eventually reason? Of course, industry watchers will look for any sign that the Nvidia and AI mania might be about to slow down.
Persons: , Jensen Huang, Taylor Swift, Sam Altman, Mark Zuckerberg, hasn't, Bojan Tunguz, Huang, Matt Bryson, Blackwell, It'll, Zuckerberg, he'll, JOSH EDELSON, Brad Lightcap, Arthur Mensch, Christian Szegedy, Elon Musk's, Aidan Gomez, Stanford's Fei, Fei Li, Wedbush's Bryson Organizations: Service, Nvidia, GPU Technology Conference, Business, Apple, Tech, Meta, Microsoft, Google, AMD Locations: San, Woodstock
Gemini Advanced is the newest generative AI system to hit the market as part of Google's new AI Premium package, which is available for $19.99 a month. Gemini Advanced is built off the back of Google's Bard chatbot, which was launched last year and is free to use. Gemini Advanced is available in 40 languages online, and will also have mobile functionality via the Google app on iOS. Google's efforts come in the wake of the generative AI craze pioneered by ChatGPT, developed by OpenAI. And Grok, developed by Elon Musk's xAI, is available to premium subscribers on X, formerly Twitter, for $16 per month.
Persons: , Google's Bard chatbot, Bard, Sissie Hsiao, BI's Hugh Langley, OpenAI, Rufus, Elon Musk's, Google's Bard Organizations: Service, Google, Business, Gmail, ChatGPT, OpenAI, Microsoft, Wall Street Locations: Google's
Elon Musk's xAI thinks it can draw investors in with a unique selling point: the "Muskonomy." The AI company touted its access to Musk's companies in its pitch deck to investors, per Bloomberg. The deck cited Musk's track record and OpenAI's success as factors for investors to consider. AdvertisementElon Musk's AI startup, xAI, says investors should take a bet on the company because of its founder's track record as an entrepreneur. According to a pitch deck seen by Bloomberg, xAI was touting its access to Musk's network of companies, which it called the "Muskonomy."
Persons: Elon Musk's xAI, , Elon, xAI Organizations: Bloomberg, Service
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI think Apple and Google are 'quite vulnerable', says Bedrock Capital's Geoff LewisGeoff Lewis, Bedrock Capital founder, joins 'Squawk Box' to discuss the latest market trends, the tech sector at large, the potential of Elon Musk's xAI 'Grok' chatbot, and more.
Persons: Geoff Lewis Geoff Lewis, Elon Musk's Organizations: Google, Bedrock Capital
Elon Musk says xAI is about to release its first AI model. He said the model would be available to a "select group" on Saturday. AdvertisementAdvertisementElon Musk's xAI is gearing up to release its first AI model. In a post on X, formerly Twitter, Musk announced his company was set to release the model to a "select group" on Saturday. It's unclear who is part of the "select group" to gain access to the model.
Persons: Elon Musk, xAI, , Elon, Musk, He's, GPT, Manuel Kroiss, Igor Babuschkin Organizations: Service, Twitter
But it's also in charge of the .ai domain name. The software developer who manages the domain told Bloomberg it could generate $30 million this year. AdvertisementAdvertisementA tiny Caribbean island could make $30 million from the AI boom thanks to its unique internet domain, Bloomberg reported. Cate told the outlet that the AI boom could still generate $30 million in domain-registration fees for Anguilla this year alone. That means the .ai domain could be worth around 10% of its total domestic product.
Persons: it's, Elon Musk's xAI, Vince Cate, who's, Cate Organizations: Bloomberg, Internet Corporation, Facebook, Google, Microsoft, Anguilla Governor's Locations: Anguilla, British, Tuvalu
Elon Musk and Sam Altman are racing to create superintelligent AI. Musk said xAI plans to use Twitter data to train a "maximally curious" and "truth-seeking" superintelligence. Elon Musk is throwing out challenge after challenge to tech CEOs — while he wants to physically fight Meta's Mark Zuckerberg, he's now racing with OpenAI to create AI smarter than humans. On Saturday, Musk said on Twitter Spaces that his new company, xAI, is "definitely in competition" with OpenAI. Over a 100-minute discussion that drew over 1.6 million listeners, Musk explained his plan for xAI to use Twitter data to train superintelligent AI that is "maximally curious" and "truth-seeking."
Persons: Elon Musk, Sam Altman, Musk, Mark Zuckerberg, , Meta's Mark Zuckerberg, he's, OpenAI, Altman, Semafor, Ilya Sutskever, Jan Leike, Sam Altman — Organizations: Twitter, Intelligence
Elon Musk launches artificial intelligence firm xAI
  + stars: | 2023-07-12 | by ( ) www.reuters.com   time to read: +1 min
July 12 (Reuters) - Billionaire Elon Musk's xAI on Wednesday announced the formation of the artificial intelligence (AI) startup with the launch of its website, unveiling a team made up of engineers who have worked at companies from Alphabet-owned Google to Microsoft and OpenAI. "Announcing formation of @xAI to understand reality," Musk said in a tweet on Wednesday. The website said xAI will hold a Twitter Spaces event on July 14. Musk in March registered a firm named X.AI Corp, incorporated in Nevada, according to a state filing. The firm lists Musk as the sole director and Jared Birchall, the managing director of Musk's family office, as a secretary.
Persons: Elon Musk's xAI, Musk, xAI, Jared Birchall, Akash Sriram, Shailesh Organizations: Wednesday, Google, Microsoft, Tesla, Twitter, X.AI Corp, Thomson Locations: Nevada, Bengaluru
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