Issue #33: X making headlines

xAI raises funding worth $6 billion and plans to launch a supercomputer

Welcome to Issue #33 of One Minute AI, your daily AI news companion. This issue discusses the latest updates from the AI branch of X (formerly Twitter), xAI.

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xAI raises $6 billion and announces supercomputer plan

Elon Musk's artificial intelligence startup, xAI, is closing in on a significant $6 billion funding round. This round is backed by prominent investors, including Andreessen Horowitz, Sequoia Capital, and Tribe Capital, and is expected to value the company at $18 billion. Today, Musk announced that he will also dedicate efforts to build a supercomputer by fall 2025. This "gigafactory of compute" will feature 100,000 Nvidia H100 GPUs, significantly enhancing its Grok chatbot capabilities.

Founded about a year ago, xAI aims to challenge leading AI entities like OpenAI and Google DeepMind. Musk, who previously co-founded OpenAI, has positioned xAI as a contender in the generative AI space with its Grok chatbot, known for its witty and rebellious nature. The chatbot has been open-sourced and is available to X Premium+ subscribers on platforms like BitTorrent, Hugging Face, and GitHub.

Musk's vision for xAI is to create an AI that seeks truth and maintains a humorous edge, setting it apart from competitors he criticizes for being politically correct. This funding round will further xAI's mission to democratize AI technology and continue its development efforts.

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