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Another strategic battle ensues, between Elon Musk’s Grok AI and Sam Altman’s OpenAI. Who will win the war?
Historic Investment Round: $6 billion Raised to Fight OpenAI
Elon Musk’s AI startup, xAI, has raised $6 billion in one of the largest venture capital funding rounds ever. This massive influx of capital could position Musk to compete with OpenAI, the company he co-founded and later departed under contentious circumstances.
Investor Overlap? Maybe
Notably, some of the backers of xAI, including Andreessen Horowitz and Sequoia Capital, are also investors in OpenAI. Musk emphasised that all the funds are new investments, with no shares from his Twitter/X takeover involved. This raises questions about potential additional equity for original Twitter/X backers in xAI, now valued at $24 billion.
Future Plans: What Will Musk Do From Here?
While xAI has not disclosed specific plans for the new funds, reports suggest the money might be used to build a supercomputer dubbed the “Gigafactory of compute,” possibly in collaboration with Oracle. This development could be a significant step in Musk’s ambition to expand his influence in the AI industry.
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*An AI tool was used to add an extra layer to the editing process for this story.
