Elon Musk's AI company xAI will raise billions from tech VCs.
xAI, Elon Musk's artificial intelligence startup aiming to rival ChatGPT developer OpenAI, is set to close a massive $6 billion funding round that values the 10-month-old company at a staggering $18 billion.
xAI, Elon Musk’s 10-month-old competitor to the AI phenom OpenAI, is raising $6 billion on a pre-money valuation of $18 billion, according to one trusted source close to the deal. The deal – which would give investors one quarter of the company – is expected to close in the next few weeks unless the terms […] © 2024 TechCrunch. All rights reserved. For personal use only.
French tech startup Mistral AI has been speaking to investors about raising several hundred million dollars at a valuation of $5 billion, The Information reported on Tuesday. It's unclear which investors Mistral has spoken to about a new funding round, the report said, citing a person with direct knowledge of the matter. Mistral's existing investors include Andreessen Horowitz, Lightspeed Ventures and Microsoft Corp, which has also backed AI startup OpenAI. Mistral did not immediately respond...
We’re off to an AI-heavy start to the week. OpenAI has a new deal with the Financial Times that caught our eye. Sure, it’s another content licensing deal, but there appears to be a bit more in the tie-up than just content flowing one way and money the other. We also dug into the xAI […] © 2024 TechCrunch. All rights reserved. For personal use only.
TechCrunch recently broke the news that Elon Musk’s xAI is raising $6 billion at a pre-money valuation of $18 billion. The deal hasn’t closed yet, so the numbers could change. But it sounds like Musk is making an ambitious pitch to investors about his 10-month-old startup — a rival to OpenAI, which he also co-founded […] © 2024 TechCrunch. All rights reserved. For personal use only.
The classified project is meant to enhance the US government’s ability to track military and intelligence targets from low-Earth orbits
The accessibility of deepfake apps has enabled the average person to use the technology to pull off viral trickery and petty revenge plots—and even five-figure romance scams.
I’m stressed and running late, because what do you wear for the rest of eternity? This makes it sound like I’m dying, but it’s the opposite. I am, in a way, about to live forever, thanks to the AI video startup Synthesia. For the past several years, the company has produced AI-generated avatars, but today…
The X owner was always going to turn the video removal request into a glib culture war fought with 4chan-style memes and late-night missivesGet our morning and afternoon news emails, free app or daily news podcastThis battle was never about the removal of a single violent video for Elon Musk – it was always going to turn into a glib culture war fought with 4chan-style memes and late-night missives featuring Musk as the free speech antihero fighting Woke Governments of the World. At least, that...
Alex Hungate wants people to think of the Southeast Asian startup as a data science company, not a ride-hailing and food delivery firm.
Apple has reportedly reopened discussions with OpenAI about integrating artificial intelligence (AI) features into the iPhone. The two tech companies have begun talking about the possible terms of an agreement, and how OpenAI’s AI features could be added to the next version of the iPhone’s operating system, Bloomberg News reported Friday (April 26), citing sources familiar with […]