📝 xAI raises $6B

Liam Gill
December 27, 2024

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xAI, Elon Musk’s AI company, has secured $6 billion in Series C funding, doubling its valuation to $45 billion. High-profile investors, including Andreessen Horowitz, BlackRock, and Kingdom Holdings, contributed, with $400 million coming from the latter. Musk's flagship AI model, Grok, powers X (formerly Twitter) and features integrations like image generation via Aurora. xAI’s ecosystem leverages data from Musk's ventures, fueling products like Starlink support and potential Tesla collaborations, though Tesla shareholders have voiced concerns. Amid a legal battle with OpenAI over competition practices, xAI is scaling aggressively, operating a Memphis data center with 100,000 GPUs, and planning expansions despite environmental criticisms. Annual revenue is $100 million, with Musk eyeing further funding in 2025.

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The reason top tech companies often hire foreign-born & first-generation engineers over “native” Americans isn’t because of an innate American IQ deficit (a lazy & wrong explanation). A key part of it comes down to the c-word: culture. Tough questions demand tough answers & if… x.com/i/web/status/1…
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4:02 PM • Dec 26, 2024

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