Elon Musk's xAI receives $6 billion funding to challenge ChatGPT and AI competitors
Elon Musk's xAI, founded last summer, claims an $18 billion valuation and has raised $6 billion in funding to advance infrastructure, products, and R&D.
xAI launched Grok, an alternative to OpenAI's ChatGPT, available to X Premium subscribers, with funding from Andreessen Horowitz, Sequoia Capital, and Saudi Prince Al Waleed bin Talal.
The startup plans to build a supercomputer using Nvidia's costly hardware, aiming to launch it by fall 2025 for Grok's upgraded version.
Amid competition for AI resources, Musk, a former OpenAI member, criticizes OpenAI while Tesla shareholders vote on his $56 billion pay package.
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