Elon Musk's startup xAI is raising
$4.3 billion to compete with OpenAI, and there are plans for it to raise another
$20 billion in the future.
Oracle is integrating Musk's xAI technology into its Grok 3 products. Musk's xAI and Shayne Coplan's Polymarket has announced a strategic partnership. A deal worth
$300 million is also in progress with
Telegram, but exactly when it will be finalized remains uncertain, causing mixed reactions in the market. There have also been rumors about a potential merger between Musk's xAI and
X which, if true, could revolutionize the Internet and AI sector.
Musk's xAI is collaborating with big names in the tech industry such as
Nvidia, Microsoft, and BlackRock as it seeks to create an AI Infrastructure Partnership. New XAI Gork, a Gork-inspired meme coin by Musk, has created substantial fluctuations in the market. The launch of Grok 3, an AI technology by Musk, is expected to take the generative AI landscape by storm. At the same time, xAI is engaging in a large-scale hiring drive, suggesting an expansion is in the works.
There have been speculations that some of the funding for xAI comes from Tesla's revenue. Regardless of these speculations, xAI aims to reshape the future of AI and has bold plans like launching an AI game studio. Even after several controversies, xAI remains in high demand and is reportedly worth more than what Musk paid for Twitter.
XAI Coin News Analytics from Sat, 08 Jun 2024 07:00:00 GMT to Wed, 18 Jun 2025 15:05:00 GMT -
Rating +5
- Innovation +6
- Information +7
- Rumor -4
