ANDlon Musk’s artificial intelligence startup xAI has raised $6 billion to accelerate its challenge to its former allies at OpenAI.
The Series B round, announced in blog post on May 26, comes less than a year after xAI debuted and marks one of the largest investments in the nascent field of AI tool development. Musk was an early proponent of artificial intelligence, backing OpenAI before launching ChatGPT in late 2022.
He later withdrew his support for the venture and advocated caution due to the potential dangers of the technology. He was among a large group of industry leaders who called for a pause on AI development last year.
See more information: Inside Elon Musk’s fight for the future of AI
Musk launched a rival to OpenAI’s ChatGPT in November called Grok, which was trained and integrated with X.com, the social network formerly known as Twitter. So far, this has been the most visible product of the work of xAI, which is led by executives with previous experience at Alphabet Inc.’s DeepMind, Microsoft Corp. and Microsoft Corp.
The company intends to use the funds to bring its first products to market, build advanced infrastructure and accelerate the development of future technologies, it said in the blog.
Its pre-money valuation was $18 billion, Musk said in a post on .
Microsoft Corp. Amazon.com Inc. invested around US$13 billion in OpenAI, while Amazon.com Inc. invested around US$4 billion in Antropica.
This story originally appeared on Time.com read the full story
