xAI, Elon Musk's OpenAI competitor, secures $6B funding with stake from X, his social network platform
Funding: xAI, Elon Musk's AI company, is raising $6 billion at a $18 billion pre-money valuation.
Investors: Sequoia Capital, Future Ventures, Valor Equity Partners, and Gigafund are among the investors.
Data Integration: xAI aims to connect the digital and physical worlds by integrating data from Musk's companies, including Tesla, SpaceX, and Neuralink.
Grok Chatbot: X, Musk's social media platform, already uses xAI's chatbot, Grok, and it will be further developed with data from other Musk companies.
Competition with OpenAI: Musk, a co-founder of OpenAI, is now competing with them with xAI and has criticized OpenAI for not open-sourcing their technology.
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