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Elon Musk's artificial intelligence startup, xAI, just 15 months old, has secured $6 billion in a Series B funding round, marking the largest Series B raise ever. The funding, led by prominent investors including Valor, Andreessen Horowitz (a16z), and Sequoia Capital, brings xAI's valuation to USD 24 billion. The capital will be used to develop new versions of Grok AI and build a supercomputer with 100,000 Nvidia H100 chips. This investment positions xAI as a significant competitor to OpenAI in the AI industry.
Elon Musk had a Memorial Day Weekend to remember, announcing over the holiday that his new artificial intelligence startup xAI had raised $6 billion at an $18 billion pre-money valuation. https://t.co/QZUIbkhUdk
Nvidia did a record $26 billion in sales in the latest quarter. And get ready for the stock to keep climbing, because the A.I. boom is just getting started. https://t.co/nqRLQbfEBS
Nvidia recently provided another bullish sales forecast; confirming the AI bull thesis remains strong With all the recent AI announcements from big tech giants; more and more retail attention is being shifted towards AI @Gaianet_AI is furthering the AI evolution by making AI… https://t.co/o7GAkxd6h1