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☆ Elon Musk dropped his Open AI lawsuit, but he isn't done with Sam Altman and the AI race yet
▼ + stars: | 2024-06-12 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Read previewElon Musk might have withdrawn his lawsuit against OpenAI and its cofounders on Tuesday, but he certainly isn't giving up on winning the AI race just yet. Musk cofounded OpenAI with its current CEO, Sam Altman, but left its board in 2018. Shortly after the announcement, Musk threatened to prohibit Apple devices at his companies. "If Apple integrates OpenAI at the OS level, then Apple devices will be banned at my companies," Musk wrote in an X post. Related storiesRepresentatives for Musk and OpenAI did not immediately respond to requests for comment from BI sent outside regular business hours.

Persons: —, Elon, OpenAI, Musk, Sam Altman, Altman, David Hoffman, BI's Grace Kay, Tesla, it's Organizations: Service, OpenAI, Microsoft, Business, Apple, Musk, BI, University of Pennsylvania, Tesla Locations: Altman's court

☆ Elon Musk may build a multibillion-dollar supercomputer in Memphis, Tennessee
▼ + stars: | 2024-06-05 | by ( Ana Altchek | ) www.businessinsider.com time to read: +1 min

Elon Musk's xAI may build the world's largest supercomputer in Memphis, pending approval. The Musk-founded AI business is working with Memphis to make the Tennessee city the lead location of the world's largest supercomputer, referred to as the Gigafactory of Compute, according to a statement from the Greater Memphis Chamber on Wednesday. The multibillion-dollar supercomputer would reportedly be powered by Nvidia's H100 GPUs, some of the most sought-after chips that power AI. The project could create hundreds of jobs, according to a report from the Memphis Business Journal. This story is available exclusively to Business Insider subscribers.

Persons: Elon Musk's, Musk, —, Elon Organizations: Service, xAI's, Greater, Greater Memphis Chamber, Memphis Business, Business Locations: Memphis, Tennessee, Greater Memphis

☆ Now you can invest in Elon Musk's xAI through Cathie Wood's ARK Venture Fund
▼ + stars: | 2024-05-29 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Cathie Wood's ARK Invest has taken a stake in Elon Musk's startup xAI as she deepens her big bet on artificial intelligence. ARK Venture Fund has invested in xAI as of Sunday, the St. Petersburg, Florida-based asset manager said in an email to clients Tuesday evening. The xAI startup is also not the only Musk-led company Wood's venture fund bets on. The venture fund, launched in September 2022, targets smaller investors who can access the venture capital market through it with as little as $500. The xAI startup is reportedly planning to build a supercomputer to power the next version of its AI chatbot Grok.

Persons: Catherine Wood, Musk, Wood, Tesla Organizations: ARK Investment Management LLC, ARK Venture Fund, SpaceX, X Corp, Twitter, Microsoft, Google, Innovation Locations: Miami , Florida, U.S, Elon Musk's, xAI, St . Petersburg , Florida, OpenAI

☆ Elon Musk and Mark Zuckerberg are reportedly going head-to-head again — this time over a buzzy AI startup
▼ + stars: | 2024-05-28 | by ( Tom Carter | ) www.businessinsider.com time to read: +1 min

Meta and xAI are competing to partner with buzzy AI startup Character.AI, per the Financial Times. It's the latest twist in the rivalry between Elon Musk and Mark Zuckerberg. The two billionaires have been feuding for years, and are now both racing to build superhuman AI. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe rivalry between Elon Musk and Mark Zuckerberg may be heating up again.

Persons: Elon Musk, Mark Zuckerberg, —, Musk's xAI, Character.AI, Andreessen Horowitz Organizations: Financial Times, Elon, Service, Meta, Financial

☆ Elon Musk is being mocked by Meta's AI chief over attempts to recruit workers for xAI
▼ + stars: | 2024-05-27 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Meta's AI chief Yann LeCun mocked Elon Musk on X over his xAI recruitment drive. LeCun criticized Musk's AI predictions and claims of free speech absolutism. AdvertisementElon Musk is getting dragged by Meta's AI chief on his own platform. Yann LeCun, Meta's leading AI scientist, poked fun at Musk on X on Monday over his attempt to recruit AI workers for his $24 billion firm xAI. The pair have been embroiled in a fresh spat since Musk's xAI announced Sunday that it had raised $6 billion in a Series B funding round.

Persons: Yann LeCun, Elon Musk, LeCun, —, Musk's xAI, Musk, Elon Musk didn't Organizations: Service, Business, Twitter

☆ Elon Musk's xAI says it just raised $6 billion in funding, pulling in big bucks from Sequoia Capital and Saudi Arabia
▼ + stars: | 2024-05-27 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

Read previewElon Musk's xAI just took a critical step in building up its war chest to take on Sam Altman's OpenAI. The AI startup said in a blog post on Sunday that it had raised $6 billion for their Series B funding round. Related stories"There will be more to announce in the coming weeks," Musk said in an X post on Monday morning. AdvertisementThe mercurial billionaire said in a subsequent X post that xAI's pre-money valuation was $18 billion. Pre-money valuation was $18B — Elon Musk (@elonmusk) May 27, 2024Sunday's announcement marks the first time xAI has talked about its fundraising efforts.

Persons: —, Elon Musk's xAI, Sam Altman's OpenAI, Andreessen Horowitz, Musk, Elon, xAI, he'd, Altman, OpenAI Organizations: Service, Sequoia Capital, Saudi Arabia's, Business, Bloomberg, Financial Times, The New York Times, OpenAI, Microsoft, Google Locations: Saudi, Saudi Arabia's Kingdom

☆ Nvidia shows no signs of AI slowdown after over 400% increase in data center business
▼ + stars: | 2024-05-22 | by ( Kif Leswing | ) www.cnbc.com time to read: +4 min

Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Tuesday, March 19, 2024. Nvidia's most important clients for its graphics processing units are the big cloud providers — Amazon Web Services, Microsoft Azure, Google Cloud and Oracle Cloud. For example, CoreWeave, a GPU cloud, is currently quoting $4.25 per hour to rent an Nvidia H100. Huang said Meta has declared its intention to spend billions on 350,000 Nvidia chips, even though the company isn't a cloud provider. Meta's cluster of servers is an example of "essential infrastructure for AI production," Huang said, or, "what we refer to as AI factories."

Persons: Jensen Huang, There's, Nvidia's, Colette Kress, Kress, Huang, Meta, Blackwell, Elon Musk's xAI Organizations: Nvidia Corp, Nvidia, Technology Conference, Web Services, Microsoft, Google, Oracle, NVIDIA, Facebook, Meta, Tesla Locations: San Jose , California

☆ Elon Musk wants to use AI to summarize the news on Twitter and ... it's not a terrible idea?
▼ + stars: | 2024-05-03 | by ( Peter Kafka | ) www.businessinsider.com time to read: +6 min

Elon Musk wants to combine Twitter and Grok, his AI engine, and create a news machine. Elon Musk thinks news is something different: It's what people talk about on the service formerly known as Twitter. Musk said Grok will not look directly at article text, and will instead rely solely on social posts. Definitely not in the Elon Musk era of the company formerly known as Twitter. The to-be-sures: Yes, you'd be foolish to rely on an Elon Musk-run AI machine for factual information.

Persons: Elon Musk, Grok, —, Alex Kantrowitz, Musk, Igor Babuschkin, xAI, CNN —, it's, you'd, Ben, Elon Musk's, It's Organizations: Twitter, Service, Elon, CNN, Google Locations: London

☆ Big names are leaving Tesla. An analyst says Elon Musk has to quickly lay out what the layoffs mean.
▼ + stars: | 2024-04-16 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +4 min

Elon Musk has been urged to lay out a vision for Tesla as senior staff leave amid layoffs. AdvertisementElon Musk must set out a vision for Tesla after investors were spooked by high-profile departures amid layoffs, an analyst has said. Tesla stock fell 5.6% on Monday after Elon Musk announced over the weekend that more than 10% of its workforce would be laid off. Those departing Tesla worked on critical projectsBoth Baglino and Thurston worked on critical projects at the Texas factory. In an X post earlier this month, Musk said Knight was "going to join OpenAI, so it was either xAI or them."

Persons: Elon Musk, Tesla, Musk, —, Elon, Dan Ives, Ives, Drew Baglino, he'd, Rohan Patel, Anthony Thurston, Electrek, Thurston, Fred Lambert, Amir Mirshahi, Zachary Kirkhorn, Tesla's, Ethan Knight, Musk's, Knight Organizations: Service, Elon, Energy, Tesla, Business, OpenAI Locations: Texas

☆ Elon Musk's xAI is luring more investors through special purpose vehicles charging high fees
▼ + stars: | 2024-04-10 | by ( Kali Hays | ) www.businessinsider.com time to read: +3 min

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

☆ Some Tesla engineers are reportedly jumping ship to Elon Musk's AI startup
▼ + stars: | 2024-04-04 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

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

☆ A new generative AI model could compete with rivals like OpenAI. Say hello to Databricks' DBRX.
▼ + stars: | 2024-03-27 | by ( Lloyd Lee | Darius Rafieyan | ) www.businessinsider.com time to read: +3 min

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

☆ It's hard to compete with Elon Musk when recruiting AI talent, CEO says
▼ + stars: | 2024-03-18 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

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 .

☆ Google's Gemini may just be about to make Elon Musk and Sam Altman really jealous
▼ + stars: | 2024-03-18 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

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

☆ Jensen Huang is about to give AI believers a glimpse of the future
▼ + stars: | 2024-03-17 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

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

☆ What's Google's most 'advanced' ChatGPT challenger like? It'll cost you $19.99 a month to find out.
▼ + stars: | 2024-02-08 | by ( Camilo Fonseca | ) www.businessinsider.com time to read: +2 min

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 AI startup is courting potential investors with a pitch deck that touts access to the 'Muskonomy'
▼ + stars: | 2024-02-06 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

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

☆ I think Apple and Google are 'quite vulnerable', says Bedrock Capital's Geoff Lewis
▼ + stars: | 2023-11-06 | by ( ) www.cnbc.com time to read: 1 min

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 ready to release its first AI model to a 'select group'
▼ + stars: | 2023-11-03 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

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

☆ Musk's xAI set to launch first AI model to select group
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +1 min

Tesla and SpaceX's CEO Elon Musk pauses during an in-conversation event with British Prime Minister Rishi Sunak in London, Britain, Thursday, Nov. 2, 2023. Kirsty Wigglesworth/Pool via REUTERS Acquire Licensing RightsNov 3 (Reuters) - Elon Musk's artificial intelligence startup xAI will release its first AI model to a select group on Saturday, the billionaire and Tesla (TSLA.O) CEO said on Friday. The team behind xAI, which launched in July this year, comes from Google's DeepMind, the Windows parent, and other top AI research firms. Though Musk-owned X, the social media firm formerly known as Twitter, and xAI are separate, the companies work closely together. Larry Ellison, co-founder of Oracle (ORCL.N) and a self-described close friend of Musk, said in September that xAI had signed a contract to train its AI model on Oracle's cloud.

Persons: Tesla, Elon Musk, Rishi Sunak, Kirsty Wigglesworth, OpenAI's ChatGPT, Google's, Bard, Microsoft's, Bing, Google's DeepMind, XAI, Larry Ellison, Musk, xAI, Akash Sriram, Shinjini Organizations: British, REUTERS Acquire, Elon, Twitter, Oracle, Thomson Locations: London, Britain, Bengaluru

☆ A tiny Caribbean island could reportedly add 10% to its GDP thanks to the AI boom because it's in charge of the sought-after .ai domain name
▼ + stars: | 2023-08-31 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

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

☆ These 3 science fiction stories inspired Elon Musk and explain his business choices — but critics say he's missing the point
▼ + stars: | 2023-08-22 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +5 min

These stories' focus on great men and amazing technology defying the rules could explain his business choices. Elon Musk is one of the most divisive tech and business personas of our time, and there is much chatter about what shapes his beliefs and business choices. Beyond these, however, a consistent source of influence from his childhood to today is his self-professed love of science fiction. "That is Musk's guide for living, yet he is using that guide to justify doing the very thing that the story is opposed to," she added. Elon Musk loves "Deus Ex" and its cyberpunk styleElon Musk appears to be a huge fan of the 2000 science fiction video game, "Deus Ex."

Persons: Elon Musk, Isaac Asimov's, Douglas Adams, he's, dystopias, Napoleon, William MacAskill, Walter Isaacson, Musk, xAI Douglas Adams, —, Adams, Jill Lepore, it's, Hari Seldon, Jonny Diamond, takeaways, JC Denton Organizations: SpaceX, Guardian Locations: South Africa

☆ Elon Musk's xAI and OpenAI are going head-to-head in the race to create AI that's smarter than humans
▼ + stars: | 2023-07-17 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

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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