xAI
December 8, 2024
xAI Unicorn News - December 08, 2024
Elon Musk's AI startup, xAI, has raised $6 billion in its latest funding round, boosting its valuation to over $40 billion. The funds will support the development of a supercomputer facility in Memphis, marking a significant investment in the city's history.
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() Elon Musk's xAI Raises $6 Billion in Latest Funding Round
Elon Musk's AI startup, xAI, has raised an impressive $6 billion in its latest funding round, pushing its valuation to over $40 billion. The fresh capital will accelerate xAI's ambitious plans, including the construction of a state-of-the-art supercomputer facility in Memphis, which represents one of the largest tech investments in the city's history. This facility is set to power cutting-edge advancements in AI, particularly through the development of xAI's Grok2 model, positioning the company as a formidable competitor to established AI leaders like OpenAI and Anthropic.
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